- USD/THB is currently trading around 35.70 marks.
- It made intraday high at 35.75 and low at 35.64 marks.
- Intraday bias remains bullish till the time pair holds key support at 35.56 marks.
- On the top side key resistances are seen at 35.90, 36.05, 36.44 and 36.66 marks respectively.
- Alternatively, a daily close below 35.71 will drag the parity down towards key supports around 35.55, 35.23, 35.04, 34.83, 34.64, 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’s November headline CPI +0.60 pct on year (vs +0.66 pct in poll) - Commerce Ministry.
- Thailand’s November core CPI +0.72 pct on year (vs +0.74 pct in poll) - Commerce Ministry.
We prefer to take long position in USD/THB around 35.70, stop loss at 35.56 and target of 35.90.
