- USD/THB is currently trading around 32.85 marks.
- It made intraday high at 32.86 and low at 32.81 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 32.66 will drag the parity down towards key supports around 32.51, 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.
We prefer to go long on USD/THB only above 32.90, stop loss at 32.60 and target of 33.37.
