- USD/THB is currently trading around 32.15 marks.
- It made intraday high at 32.17 and low at 32.06 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.98 mark.
- On the top side, key resistances are seen at 32.22, 32.48, 32.60 and 32.89 marks respectively.
- Alternatively, a daily close below 32.10 will drag the parity down towards key supports around 31.98, 31.86, 31.68, 31.51, 31.30 and 31.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thai April manufacturing output +3.99 pct on year (vs +3.94 pct in poll).
We prefer to take short position in USD/THB around 32.15, stop loss at 32.23 and target of 31.98.
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