- USD/THB is currently trading around 33.25 marks.
- It made intraday high at 33.30 and low at 33.24 marks.
- Intraday bias remains neutral for the moment.
- On the top side, key resistances are seen at 33.37, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 33.26 will drag the parity down towards key supports around 33.18, 33.05, 32.90, 32.77, 32.57, 32.42, 32.27, 32.18, 32.02 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.
- Thailand will release trade balance and current account data around 0730 GMT.
We prefer to take long position on USD/THB only above 33.32, stop loss 33.18 and target of 33.52.
