• USD/THB is currently trading around 34.71 marks.
   
• It made intraday high at 34.73 and low at 34.70 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 34.70 marks. 
   
• On the top side, key resistances are seen at 34.82, 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 34.70 will drag the parity down towards key supports around 34.54, 34.40, 34.34, 34.24 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.
   
• Thailand will release Forex reserves and currency swaps data at 0730 GMT.
  
  We prefer to take short position in USD/THB only below 34.70, stop loss at 34.82 and target of 34.54.