- USD/THB is currently trading around 35.30 marks.
- It made intraday high at 35.34 and low at 35.28 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 35.42 mark.
- On the top side key resistances are seen at 35.42, 35.62, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.
- Alternatively, a daily close below 35.25 will drag the parity down towards key supports around 35.10, 35.00, 34.91, 34.83, 34.64, 34.51 and 34.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/THB only below 35.25, stop loss at 35.42 and target of 35.10/34.99.
