- USD/THB is currently trading around 30.90 marks.
- It made intraday high at 30.93 and low at 30.86 marks.
- Intraday bias remains slightly neutral till the time pair holds key resistance at 30.97 marks.
- 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 30.65 will drag the parity down towards key supports around 30.56, 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.
- Thailand will release consumer confidence data at 0400 GMT..
We prefer to take long position on USD/THB only above 30.97, stop loss at 30.80 and target of 31.20.
