- USD/THB is currently trading around 34.99 marks.
- It made intraday high at 35.01 and low at 34.96 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 35.07 marks.
- On the top side key resistances are seen at 35.07, 35.11, 35.21, 35.33, 35.41, 35.67, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.
- Alternatively, a daily close below 34.99 will drag the parity down towards key supports around 34.85, 34.64, 34.51 and 34.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Thailand will release currency swap and forex reserve data at 0730 GMT.
We prefer to take short position in USD/THB only below 34.99, stop loss 35.07 and target of 34.85.


Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: GBP/NZD reverses course, bias back to downside
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro- Major European Indices
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw 



