FxWirePro: USD/THB continues to move in stiff boundaries, BOT’s interest rate decision in focus
USD/THB is currently trading around 33.22 marks. It made intraday high at 33.23 and low at 33.18 marks. Intraday bias remains neutral for the moment. On the top side, key resistances are seen at 33.40, 33.52, 33.78 and 3…
It made intraday high at 33.23 and low at 33.18 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.
BOT will release interest rate decision at 0705 GMT.
We prefer to take long position on USD/THB around 33.15, stop loss at 33.02 and target of 33.52/33.78.
