- USD/THB is currently trading around 33.22 marks.
- It made intraday high at 33.25 and low at 33.20 marks.
- Intraday bias remains neutral for the moment.
- On the top side, key resistances are seen at 33.40, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 33.15 will drag the parity down towards key supports around 33.07, 33.02, 32.90, 32.66 and 32.50 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand will release forex reserves and currency swap data at 0730 GMT.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
