FxWirePro: USD/THB breaks key support at 32.62 mark, stay bearish

• USD/THB is currently trading around 32.58 marks.
   
• It made intraday high at 32.61 and low at 32.57 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 32.69 mark.
   
• A daily close below 32.58 will drag the parity down towards key supports around 32.50, 32.41, 32.34 and 32.24 marks respectively.
   
• On the top side, key resistances are seen at 32.69, 32.75, 32.86, 32.92, 33.03, 33.10, 33.22, 33.38, 33.46, 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.

We prefer to take short position in USD/THB around 32.60, stop loss at 32.69 and target of 32.34.

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