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- USD/THB is currently trading around 30.66 marks.
- It made intraday high at 30.67 and low at 30.63 marks.
- Intraday bias remains neutral till the time pair moves in stiff boundaries from 30.55 to 30.70 mark.
- On the top side, key resistances are seen at 30.90, 31.20, 31.50, 31.70 and 31.99 marks respectively.
- Alternatively, a daily close below 30.55 will drag the parity down towards key supports around 30.18 and 30.02 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 long position on USD/THB only above 30.70, stop loss at 30.55 and target of 30.90/31.20.
