- USD/THB is currently trading around 35.01 marks.
- It made intraday high at 35.03 and low at 34.99 marks.
- Intraday bias remains bullish till the time pair holds key support at 34.87 marks.
- On the top side key resistances are seen at 35.09, 35.15, 35.25, 35.45, 35.67, 35.90, 36.05, 36.44 and 36.66 marks respectively.
- Alternatively, a daily close below 34.83 will drag the parity down towards key supports around 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. Current downside movement is short term trend correction only.
We prefer to take long position in USD/THB around 35.00, stop loss at 34.87 and target of 35.25/35.45.
