- USD/THB is currently trading around 33.97 marks.
- It made intraday high at 34.00 and low at 33.93 marks.
- Intraday bias remains slightly bullish for the moment.
- On the top side, key resistances are seen at 34.06, 34.27, 34.34, 34.48, 34.55, 34.67, 34.74, 34.82, 34.97, 35.11 and 35.20 marks respectively.
- Alternatively, a daily close below 33.83 will drag the parity down towards key supports around 33.74, 33.58, 33.01 and 32.54 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 in USD/THB only above 34.00, stop loss at 33.83 and target of 34.27.
