- USD/THB is currently trading around 32.01 marks.
- It made intraday high at 32.02 and low at 31.92 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 32.22 mark.
- On the top side, key resistances are seen at 32.22, 32.48, 32.70, 32.83 and 32.92 marks respectively.
- Alternatively, a daily close below 31.94 will drag the parity down towards key supports around 31.85, 31.60 and 31.24 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 32.07, stop loss at 32.22 and target of 31.85/31.60.
