- USD/THB is currently trading around 35.84 marks.
- It made intraday high at 35.90 and low at 35.82 marks.
- Intraday bias remains bearish for the moment.
- On the top side key resistances are seen at 36.01, 36.08, 36.39 and 36.66 marks respectively.
- Alternatively, a daily close below 35.89 will drag the parity down towards key supports around 35.81, 35.75, 35.67, 35.54, 35.41, 35.23, 35.04, 34.83, 34.64, 34.51 and 34.20 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 take short position in USD/THB around 35.85, stop loss at 36.01 and target of 35.54.
