- USD/THB is currently trading around 31.37 marks.
- It made intraday high at 31.41 and low at 31.35 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.50 mark.
- On the top side, key resistances are seen at 31.50, 31.59, 31.75, 31.92, 32.00, 32.13, 32.28, 32.39, 32.46, 32.61 and 32.85 marks respectively.
- Alternatively, a daily close below 31.41 will drag the parity down towards key supports around 31.24, 31.18, 31.11, 31.01 and 30.83 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 around 31.38, stop loss at 31.50 and target of 31.11.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro- Woodies pivot (Major)
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro- Major Pair levels and bias summary
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2 



