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FxWirePro: USD/ZAR bears maintain upper hand 
- USD/THB is currently trading around 32.84 marks.
- It made intraday high at 32.91 and low at 32.75 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 32.82 mark.
- On the top side, key resistances are seen at 33.02, 33.18, 33.32, 33.54, 33.78 and 34.14 marks respectively.
- Alternatively, a daily close below 32.82 will drag the parity down towards key supports around 32.72, 32.56, 32.36, 32.10, 31.85, 31.56, 31.18 and 30.97 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand’s CPI stands at -0.54 pct vs 0.74 pct previous release (expected -0.60).
- Thailand’s core CPI stands at 0.54 pct vs 0.58 pct previous release (expected 0.50 pct).
We prefer to go short on USD/THB only below 32.70, stop loss at 33.02 and target of 32.56/32.36.
