- USD/THB is currently trading around 35.12 marks.
- It made intraday high at 35.15 and low at 35.09 marks.
- Intraday bias remains bullish till the time pair holds key support at 35.02 marks.
- On the top side key resistances are seen at 35.25, 35.45, 35.67, 35.90, 36.05, 36.44 and 36.66 marks respectively.
- Alternatively, a daily close below 35.02 will drag the parity down towards key supports around 34.87, 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 will release Forex Reserves and Currency Swap data at 0730 GMT.
We prefer to take long position in USD/THB around 35.10, stop loss at 35.02 and target of 35.25/35.45.
