- USD/THB is currently trading around 32.99 marks.
- It made intraday high at 33.05 and low at 32.98 marks.
- Intraday bias remains bullish till the time pair holds key support at 32.89 mark.
- On the top side, key resistances are seen at 33.03, 33.24 and 33.48 marks respectively.
- Alternatively, a daily close below 33.03 will drag the parity down towards key supports around 32.89, 32.66, 32.50, 32.22, 32.10, 31.97, 31.90 and 31.68 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand will release manufacturing production data at 0400 GMT.
We prefer to take long position in USD/THB around 32.95, stop loss at 32.87 and target of 33.24.
