FxWirePro: USD/THB hovers around key support at 32.72 mark, sustained close below targets 32.42 mark

• USD/THB is currently trading around 32.72 marks.
   
• It made intraday high at 32.79 and low at 32.71 marks.
   
• Intraday bias remains bearish till the time pair holds immediate resistance at 32.83 mark.
   
• On the top side, key resistances are seen at 32.83, 32.92, 33.07, 33.15, 33.32 and 33.52 marks respectively.
   
• Alternatively, a daily close below 32.73 will drag the parity down towards key supports around 32.65, 32.57, 32.42, 32.20 and 32.07 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 on USD/THB around 32.75, stop loss at 32.83 and target of 32.72/32.57/32.42.