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- USD/THB is currently trading around 32.90 marks.
- It made intraday high at 32.91 and low at 32.78 marks.
- Intraday bias remains bullish till the time pair holds key support at 32.70 mark.
- On the top side, key resistances are seen at 33.02, 33.15, 33.32, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 32.83 will drag the parity down towards key supports around 32.77, 32.57 and 32.42 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 32.88, stop loss 32.77 and target of 33.02/33.15.
