- USD/THB is currently trading around 31.77 marks.
- It made intraday high at 31.82 and low at 31.76 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 31.94 marks.
- On the top side, key resistances are seen at 31.94, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.77 will drag the parity down towards key supports around 31.70, 31.40, 31.28, 31.20 and 31.06 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position on USD/THB around 31.80, stop loss at 31.94 and target of 31.40.


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