- USD/THB is currently trading around 33.29 marks.
- It made intraday high at 33.30 and low at 33.23 marks.
- Intraday bias remains bearish for the moment.
- On the top side, key resistances are seen at 33.40, 33.52, 33.77, 33.94, 34.10, 34.23, 34.34, 34.48, 34.55, 34.67 and 34.74 marks respectively.
- Alternatively, a daily close below 33.26 will drag the parity down towards key supports around 33.01 and 32.54 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 33.30, stop loss 33.40 and target of 33.01.
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