FxWirePro: Thai baht depreciates in early Asia, consistent close above 33.22 requires for upside rally

• USD/THB is currently trading around 33.24 marks.
   
• It made intraday high at 33.27 and low at 33.15 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 33.05 mark.
   
• On the top side, key resistances are seen at 33.30, 33.48 and 33.78 marks respectively.
   
• Alternatively, a daily close below 33.17 will drag the parity down towards key supports around  33.05, 32.90, 32.66 and 32.50 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 33.20, stop loss at 33.05 and target of 33.48.