- USD/THB is currently trading around 33.07 marks.
- It made intraday high at 33.14 and low at 33.05 marks.
- Intraday bias remains bearish for the moment.
- On the top side, key resistances are seen at 33.32, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 33.10 will drag the parity down towards key supports around 33.05, 32.90, 32.77, 32.57 and 32.42 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand will release CPI as well as core CPI data at 0400 GMT.
We prefer to take short position on USD/THB only below 33.02, stop loss 33.18 and target of 32.90/32.77.
