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- USD/THB is currently trading around 32.82 marks.
- It made intraday high at 32.83 and low at 32.67 marks.
- Intraday bias remains bullish till the time pair holds key support at 32.64 mark.
- On the top side, key resistances are seen at 32.95, 33.20, 33.37, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 32.68 will drag the parity down towards key supports around 32.50, 32.18 and 31.85 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 on USD/THB around 32.75, stop loss at 32.64 and target of 33.20.
