- 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 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.
