FxWirePro: Thai baht marginally lower against U.S. dollar after Thailand’s CPI, core CPI data
USD/THB is currently trading around 35.13 marks. It made intraday high at 35.16 and low at 35.10 marks. Intraday bias remains neutral till the time pair holds key support at 35.10 marks. On the top side key resistances a…
It made intraday high at 35.16 and low at 35.10 marks.
Intraday bias remains neutral till the time pair holds key support at 35.10 marks.
On the top side key resistances are seen at 35.21, 35.33, 35.41, 35.67, 35.74, 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.
Alternatively, a daily close below 35.10 will drag the parity down towards key supports around 35.04, 34.83, 34.64, 34.51 and 34.20 marks respectively.
Thailand’s January headline CPI +1.55 pct on year (vs +1.53 pct in poll).
Thailand’s January core CPI +0.75 pct on year (vs +0.77 pct in poll).
We prefer to take short position in USD/THB only below 35.10, stop loss 35.21 and target of 35.04/34.83.
