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- USD/THB is currently trading around 32.99 marks.
- It made intraday high at 33.00 and low at 32.89 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 32.92 will drag the parity down towards key supports around 32.80, 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 long position in USD/THB only above 33.00, stop loss at 32.80 and target of 33.24.
