- USD/THB is currently trading around 31.24 marks.
- It made intraday high at 31.28 and low at 31.24 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.50 mark.
- A daily close below 31.26 will drag the parity down towards key supports around 31.11, 31.01 and 30.83 marks respectively.
- On the top side, key resistances are seen at 31.38, 31.50, 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.
- Thailand will release Forex reserves and currency swap data at 0730 GMT.
We prefer to take short position in USD/THB around 31.28, stop loss at 31.38 and target of 31.01.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/ZAR recovers some ground but upside is limited
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
FxWirePro: GBP/NZD slips amid prolonged geopolitical uncertainty
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
Sterling Surge: GBPJPY Rebounds from Fibonacci Support as Yen Weakness Persists
FxWirePro: GBP/USD dips as strong U.S. data boosts greenback
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD drifts lower could be on verge of bigger drop
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD bears gain momentum awaiting Mideast Geopolitical clarity 



