- USD/THB is currently trading around 35.89 marks.
- It made intraday high at 35.91 and low at 35.85 marks.
- Intraday bias remains bullish till the time pair holds key support at 35.75 marks.
- On the top side key resistances are seen at 36.05, 36.39 and 36.66 marks respectively.
- Alternatively, a daily close below 35.81 will drag the parity down towards key supports around 35.75, 35.67, 35.54, 35.41, 35.23, 35.04, 34.83, 34.64, 34.51 and 34.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/THB around 35.88, stop loss at 35.81 and target of 36.05/36.25/36.39.