FxWirePro: USD/THB hovers around key resistance at 32.90 mark, stay bearish only below 32.80 mark

• USD/THB is currently trading around 32.91 marks.
   
• It made intraday high at 32.94 and low at 32.87 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 32.80 mark.
   
• On the top side, key resistances are seen at 33.00, 33.24 and 33.48 marks respectively.
   
• Alternatively, a daily close below 32.90 will drag the parity down towards key supports around 32.66, 32.50, 32.22, 32.10, 31.97, 31.90 and 31.68 marks respectively.

• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take short position in USD/THB only below 32.80, stop loss at 33.00 and target of 32.50.