- USD/THB is currently trading around 35.08 marks.
- It made intraday high at 35.11 and low at 35.02 marks.
- Intraday bias remains neutral till the time pair holds key support at 35.01 mark.
- On the top side key resistances are seen at 35.20, 35.32, 35.42, 35.62, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.
- Alternatively, a daily close below 35.01 will drag the parity down towards key supports around 34.91, 34.83, 34.64, 34.51 and 34.20 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 around 35.10, stop loss at 35.32 and target of 34.83.


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