- USD/THB is currently trading around 31.15 marks.
- It made intraday high at 31.22 and low at 31.12 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.22 mark.
- On the top side, key resistances are seen at 31.21, 31.32, 31.50, 31.70 and 31.92 marks respectively.
- Alternatively, a daily close below 31.11 will drag the parity down towards key supports around 30.97, 30.87, 30.70, 30.56, 30.37, 30.15, 29.96 and 29.72 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- Thailand GDP y/y stands at 1.6 pct vs 2.4 pct previous release (expected 2.1 pct).
- Thailand GDP q/q stands at 0.2 pct vs 0.1 pct previous release (expected 0.4 pct).
We prefer to go long on USD/THB only above 31.22, stop loss at 31.10 and target of 31.50/31.70.


FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Major Crypto levels and bias summary
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD range to extend until there is game changing news
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro- Major Pair levels and bias summary
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war 



