Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/THB trades in narrow range, faces strong support at 35.96

  • USD/THB is currently trading around 36.01 marks.
     
  • It made intraday high at 36.01 and low at 35.98 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • On the top side key resistances are seen at 36.08, 36.39 and 36.66 marks respectively.
     
  • Alternatively, a daily close below 35.96 will drag the parity down towards key supports around 35.85, 35.75, 35.67, 35.54, 35.41, 35.23, 35.04, 34.83, 34.64, 34.51 and 34.20 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 around 36.00, stop loss at 35.96 and target of 36.08/36.25/36.39.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.