- USD/THB is currently trading around 33.12 marks.
- It made intraday high at 33.19 and low at 33.01 marks.
- Intraday bias remains bullish till the time pair holds key support at 33.00 mark.
- On the top side, key resistances are seen at 33.22, 33.48 and 33.78 marks respectively.
- Alternatively, a daily close below 33.01 will drag the parity down towards key supports around 32.90, 32.66, 32.50, 32.22 and 32.10 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thai June headline CPI +1.38 pct on year (vs +1.54 pct in poll).
- Thai June core CPI +0.83 pct on year (vs +0.83 pct in poll).
We prefer to take long position in USD/THB only above 33.22, stop loss at 33.02 and target of 33.48.
