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- USD/THB is currently trading around 35.14 marks.
- It made intraday high at 35.17 and low at 34.99 marks.
- Intraday bias remains bullish till the time pair holds key support at 34.83 marks.
- On the top side key resistances are seen at 35.25, 35.45, 35.67, 35.90, 36.05, 36.44 and 36.66 marks respectively.
- Alternatively, a daily close below 34.83 will drag the parity down towards key supports around 34.77, 34.51 and 34.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand Central Bank governor says economy is recovering gradually.
We prefer to go long on USD/THB around 35.10, stop loss 34.83 and target 35.45.
