- USD/THB is currently trading around 34.09 marks.
- It made intraday high at 34.10 and low at 34.06 marks.
- Intraday bias remains bullish till the time pair holds key support at 34.00 mark.
- On the top side, key resistances are seen at 34.09, 34.27, 34.34, 34.48, 34.55, 34.67, 34.74, 34.82, 34.97, 35.11 and 35.20 marks respectively.
- Alternatively, a daily close below 34.05 will drag the parity down towards key supports around 33.95, 33.82, 33.74, 33.58, 33.01 and 32.54 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Thailand will release forex reserves and currency swap data at 0730 GMT.
We prefer to take long position in USD/THB around 34.07, stop loss 34.00 and target of 34.27.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD under pressure as key support gives way
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro- Major Pair levels and bias summary 



