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FxWirePro: AUD/ USD strongly bearish despite upside attempts 
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Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
FxWirePro- Woodies pivot (Major) 
- USD/THB is currently trading around 31.70 marks.
- It made intraday high at 31.76 and low at 31.67 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.92 mark.
- On the top side, key resistances are seen at 31.92, 32.02, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.73 will drag the parity down towards key supports around 31.54, 31.42, 31.28, 31.20, 31.06, 30.94, 30.20 and 29.66 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 short position on USD/THB around 31.72, stop loss 31.92 and target of 31.54 mark.
