- USD/THB is currently trading around 33.38 marks.
- It made intraday high at 33.42 and low at 33.29 marks.
- Intraday bias remains bullish till the time pair holds key support at 33.22 mark.
- On the top side, key resistances are seen at 33.48, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 33.30 will drag the parity down towards key supports around 33.22, 33.02, 32.90, 32.66 and 32.50 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thai finance minister says thailand should not rush to raise interest rates.
- Thai finance minister says capital outflows, weak baht are good for economy.
- Thai finance minister says expects little impact of trade war on Thai economy.
We prefer to take long position on USD/THB around 33.32, stop loss at 33.22 and target of 33.78.


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