- USD/THB is currently trading around 32.80 marks.
- It made intraday high at 32.85 and low at 32.70 marks.
- Intraday bias remains bullish till the time pair holds key support at 32.57 mark.
- On the top side, key resistances are seen at 32.94, 33.32, 33.54 and 34.14 marks respectively.
- Alternatively, a daily close below 32.73 will drag the parity down towards key supports around 32.57, 32.40, 32.14, 31.85, 31.56, 31.18 and 30.97 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 go long on USD/THB around 32.80, stop loss at 32.64 and target of 33.14/33.32.
