- USD/THB is currently trading around 33.37 marks.
- It made intraday high at 33.38 and low at 33.29 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 33.40 mark.
- A daily close below 33.40 will drag the parity down towards key supports around 33.29, 33.20, 33.10, 33.03, 32.94, 32.85, 32.77 and 32.54 marks respectively.
- On the top side, key resistances are seen at 33.40, 33.52, 33.77, 33.94, 34.10, 34.23, 34.34, 34.48, 34.55, 34.67 and 34.74 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Thai September headline CPI +0.86 pct on year (vs +0.45 pct in poll).
- Thai September core CPI +0.53 pct on year (vs +0.50 pct in poll).
We prefer to take long position on USD/THB only above 33.40, stop loss at 33.29 and target of 33.77 mark.
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