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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
- USD/THB is currently trading around 31.50 marks.
- It made intraday high at 31.60 and low at 31.43 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.70 mark.
- On the top side, key resistances are seen at 31.70, 31.93, 32.02, 32.10, 32.22 and 32.48 marks respectively.
- Alternatively, a daily close below 31.51 will drag the parity down towards key supports around 31.46, 31.24 and 31.10 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 31.55, stop loss at 31.70 and target of 31.10 mark.
