FxWirePro: USD/ZAR edges higher, set to stay on back foot 
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro- Major European Indices 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 
FxWirePro- Major Crypto levels and bias summary 
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling 
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 
- USD/THB is currently trading around 30.83 marks.
- It made intraday high at 30.87 and low at 30.81 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 30.95 marks.
- On the top side, key resistances are seen at 30.95, 31.20, 31.50, 31.70, 31.99, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 30.85 will drag the parity down towards key supports around 30.56, 30.42, 30.28 and 30.12 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Thailand industrial production y/y at -5.54 pct vs -3.99 pct previous release.
We prefer to take short position on USD/THB around 30.90, stop loss at 30.98 and target of 30.56.
