FxWirePro: Thai baht trades almost flat after GDP data

• USD/THB is currently trading around 30.25 marks.
   
• It made intraday high at 30.26 and low at 30.23 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 30.43 mark.
   
• On the top side, key resistances are seen at 30.35, 30.43, 30.72, 30.97, 31.20, 31.50 and 31.70 marks respectively.
   
• Alternatively, a daily close below 30.20 will drag the parity down towards key supports around 30.16, 30.02, 29.84 and 29.55 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Thai GDP q/q stands at 0.1 pct vs 0.6 pct previous release (expected 0.1).

We prefer to go long on USD/THB around 30.25, stop loss at 30.18 and target of 30.43/30.72.