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- 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.
