- USD/THB is currently trading around 31.93 marks.
- It made intraday high at 31.95 and low at 31.88 marks.
- Intraday bias remains neutral till the time pair holds key support at 31.88 mark.
- On the top side, key resistances are seen at 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.92 will drag the parity down towards key supports around 31.70, 31.58, 31.42, 31.28, 31.20 and 31.06 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand April 2019 CPI core inflation yy increase to 0.61 % (forecast 0.6 %) vs previous 0.58 %.
- Thailand April 2019 CPI headline inflation decrease to 1.23 % (forecast 1.2 %) vs previous 1.24 %.
We prefer to take short position on USD/THB only below 31.88, stop loss at 32.00 and target of 31.58.
