- USD/THB is currently trading around 32.78 marks.
- It made intraday high at 32.81 and low at 32.72 marks.
- Intraday bias remains neutral for the moment.
- On the top side, key resistances are seen at 32.90, 33.05, 33.20, 33.37, 33.52, 33.78 and 33.96 marks respectively.
- Alternatively, a daily close below 32.51 will drag the parity down towards key supports around 32.18, 32.02 and 31.85 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 CPI as well as core CPI data at 0400 GMT.
We prefer to take short position n USD/THB only below 32.65, stop loss at 32.90 and target of 32.51/32.18.
