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FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
- USD/THB is currently trading around 31.75 marks.
- It made intraday high at 31.77 and low at 31.65 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.50 mark.
- On the top side, key resistances are seen at 31.92, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.67 will drag the parity down towards key supports around 31.40, 31.28, 31.20 and 31.06 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.
We prefer to take long position on USD/THB around 31.70, stop loss at 31.60 and target of 31.92.
