- USD/THB is currently trading around 31.92 marks.
- It made intraday high at 32.02 and low at 31.92 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 32.28 mark.
- A daily close below 32.01 will drag the parity down towards key supports around 31.92, 31.75 and 31.57 marks respectively.
- On the top side, key resistances are seen at 32.02, 32.28, 32.39, 32.46, 32.61 and 32.85 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 31.96, stop loss at 32.13 and target of 31.75.
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