FxWirePro: USD/THB breaks key support at 33.94 mark, bias remains bearish

• USD/THB is currently trading around 33.90 marks.
   
• It made intraday high at 33.94 and low at 33.90 marks.
   
• Intraday bias remains bearish for the moment.
   
• On the top side, key resistances are seen at 34.06, 34.23, 34.34, 34.48, 34.55, 34.67, 34.74, 34.82, 34.97, 35.11 and 35.20 marks respectively.
   
• Alternatively, a daily close below 33.91 will drag the parity down towards key supports around 33.74, 33.58, 33.01 and 32.54 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 33.94, stop loss at 34.10 and target of 33.58/33.01.