- USD/THB is currently trading around 32.83 marks.
- It made intraday high at 32.90 and low at 32.82 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 32.95 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 32.87 will drag the parity down towards key supports around 32.64, 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.
- Thailand will release forex reserves and currency swap data at 0730 GMT.
We prefer to take long position on USD/THB only above 32.95, stop loss at 32.64 and target of 33.20.
