- USD/THB is currently trading around 31.43 marks.
- It made intraday high at 31.49 and low at 31.30 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.62 mark.
- On the top side, key resistances are seen at 31.62, 31.70, 31.93, 32.02 and 32.10 marks respectively.
- Alternatively, a daily close below 31.49 will drag the parity down towards key supports around 31.30, 31.18, 31.10 and 30.94 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 31.45, stop loss at 31.52 and target of 31.22 mark.
