- USD/THB is currently trading around 33.07 marks.
- It made intraday high at 33.08 and low at 33.04 marks.
- Intraday bias remains neutral for the moment.
- On the top side, key resistances are seen at 33.20, 33.37, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 33.05 will drag the parity down towards key supports around 32.90, 32.77, 32.57, 32.42, 32.27, 32.18, 32.02 and 31.85 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on USD/THB around 33.05, stop loss 32.90 and target of 33.20/33.37.
