- USD/THB is currently trading around 31.58 marks.
- It made intraday high at 31.64 and low at 31.57 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.75 mark.
- A daily close below 31.64 will drag the parity down towards key supports around 31.50, 31.30, 31.11, 31.01 and 30.83 marks respectively.
- On the top side, key resistances are seen at 31.75, 31.92, 32.00, 32.13, 32.28, 32.39, 32.46, 32.61 and 32.85 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/THB around 31.60, stop loss at 31.75 and target of 31.30.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD slips amid prolonged geopolitical uncertainty
FxWirePro: EUR/AUD dips below lower range, bearish bias increases
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
FxWirePro: GBP/USD recovers from early dip but upside is limited
FxWirePro: GBP/AUD drifts lower could be on verge of bigger drop
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction
FxWirePro: GBP/USD dips as strong U.S. data boosts greenback
FxWirePro- Major Pair levels and bias summary
Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions
Institutional Whale Surge: ETHUSD Trends Higher as Bitmine Amasses 4.97 Million Ether
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro: USD/ZAR recovers some ground but upside is limited 



