- USD/THB is currently trading around 32.61 marks.
- It made intraday high at 32.67 and low at 32.59 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 32.90 mark.
- On the top side, key resistances are seen at 32.83, 32.92, 33.07, 33.15, 33.32 and 33.52 marks respectively.
- Alternatively, a daily close below 32.63 will drag the parity down towards key supports around 32.57, 32.42, 32.20 and 32.07 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Thailand will release trade balance data at 0300 GMT.
We prefer to take short position on USD/THB around 32.65, stop loss at 32.80 and target of 32.42/32.20.
