FxWirePro: USD/THB jumps above 33.00 mark, Thailand’s trade balance data in focus
USD/THB is currently trading around 33.02 marks. It made intraday high at 33.03 and low at 32.97 marks. Intraday bias remains slightly bullish for the moment. On the top side, key resistances are seen at 33.02, 33.15, 33…
It made intraday high at 33.03 and low at 32.97 marks.
Intraday bias remains slightly bullish for the moment.
On the top side, key resistances are seen at 33.02, 33.15, 33.32, 33.52, 33.78 and 33.96 marks respectively.
Alternatively, a daily close below 33.00 will drag the parity down towards key supports around 32.90, 32.77, 32.68, 32.57, 32.42, 32.20 and 32.07 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Thailand will release trade balance data at 0330 GMT.
We prefer to take long position on USD/THB around 33.00, stop loss 32.87 and target of 33.15.
