• USD/THB is currently trading around 30.56 marks.
   
• It made intraday high at 30.61 and low at 30.55 marks.
   
• Intraday bias remains bearish  till the time pair holds key resistance  30.97 mark.
   
• On the top side, key resistances are seen at  30.97, 31.20, 31.50, 31.70, 31.99, 32.10, 32.22 and 32.54 marks respectively.
   
• Alternatively, a daily close below 30.58 will drag the parity down towards key supports around 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.
   
• Thai industrial production y/y July stands at -3.23 pct vs -5.54 pct previous release (-3.05 pct) .
  
  We prefer to go short on USD/THB around 30.60, stop loss at 30.70 and target of 30.42/30.28 mark.