• USD/THB is currently trading around 34.28 marks.


• It made intraday high at 34.34 and low at 34.27 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 34.48 marks. 
   
• On the top side, key resistances are seen at 34.48, 34.55, 34.67, 34.74, 34.82, 34.97, 35.11, 35.20, 35.32, 35.42, 35.62, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.
   
• Alternatively, a daily close below 34.34 will drag the parity down towards key supports around 34.14 and 34.02 marks respectively.

• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.


• Yesterday BOT released interest rate decision.
   
• Thailand’s Central Bank kept policy rate unchanged at 1.50 pct (poll 1.50 pct).
  
  We prefer to take short position in USD/THB around 34.30, stop loss at 34.48 and target of 34.02.