FxWirePro: USD/THB hits fresh 9-month high at 35.90 mark, sustained break above targets 36.44
USD/THB is currently trading around 35.71 marks. It made intraday high at 35.78 and low at 35.65 marks. Intraday bias remains bullish for the moment. On the top side key resistances are seen at 35.90, 36.05, 36.44 and 36…
It made intraday high at 35.78 and low at 35.65 marks.
Intraday bias remains bullish for the moment.
On the top side key resistances are seen at 35.90, 36.05, 36.44 and 36.66 marks respectively.
Alternatively, a daily close below 35.45 will drag the parity down towards key supports around 35.28, 35.06, 34.77, 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.
Thailand stock index falls more than 1 pct in early hours of Asia.
We prefer to go long on USD/THB around 35.68, stop loss 35.45 and target 35.90/36.05/36.44.
