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- USD/THB is currently trading around 30.87 marks.
- It made intraday high at 30.87 and low at 30.76 marks.
- Intraday bias remains bullish for the moment.
- On the top side, key resistances are seen at 30.97, 31.20, 31.50 and 31.70 marks respectively.
- Alternatively, a daily close below 30.81 will drag the parity down towards key supports around 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.
- Thailand will release industrial production data around 0400 GMT.
We prefer to go long on USD/THB around 30.80, stop loss at 30.70 and target of 30.97/31.20.
