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- USD/THB is currently trading around 32.91 marks.
- It made intraday high at 32.94 and low at 32.87 marks.
- Intraday bias remains bullish till the time pair holds key support at 32.80 mark.
- On the top side, key resistances are seen at 33.00, 33.24 and 33.48 marks respectively.
- Alternatively, a daily close below 32.90 will drag the parity down towards key supports around 32.66, 32.50, 32.22, 32.10, 31.97, 31.90 and 31.68 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 short position in USD/THB only below 32.80, stop loss at 33.00 and target of 32.50.
