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FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 
- USD/THB is currently trading around 34.62 marks.
- It made intraday high at 34.64 and low at 34.53 marks.
- Intraday bias remains bullish till the time pair holds key support at 34.45 mark.
- On the top side, key resistances are seen at 34.61, 34.72, 34.85, 34.97, 35.11, 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 34.55 will drag the parity down towards key supports around 34.45, 34.35, 34.20 and 34.01 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position in USD/THB around 34.60, stop loss at 34.45 and target of 34.72/34.85.
