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NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 
- USD/THB is currently trading around 32.56 marks.
- It made intraday high at 32.60 and low at 32.52 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 32.70 mark.
- On the top side, key resistances are seen at 32.70, 32.83, 32.92, 33.07, 33.15, 33.32 and 33.52 marks respectively.
- Alternatively, a daily close below 32.55 will drag the parity down towards key supports around 32.42, 32.20 and 32.07 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 on USD/THB around 32.55, stop loss at 32.83 and target of 32.42/32.20.
