FxWirePro: Thai baht remains almost unchanged after consumer confidence data

• USD/THB is currently trading around 30.26 marks.
   
• It made intraday high at 30.29 and low at 30.26 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 30.36 marks.
   
• On the top side, key resistances are seen at 30.36, 30.43, 30.72, 30.97, 31.20, 31.50 and 31.70 marks respectively.
   
• Alternatively, a daily close below 30.15 will drag the parity down towards key supports around 29.96, 29.72, 29.55, 29.25 and 28.56 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Thailand’s consumer confidence data stands at 68.3 vs 69.1 previous releases.

We prefer to go long on USD/THB only above 30.30, stop loss at 30.20 and target of 30.43/30.72.