FxWirePro: USD/THB jumps above 33.30 mark, Thailand’s manufacturing production data in focus
USD/THB is currently trading around 33.30 marks. It made intraday high at 33.32 and low at 33.23 marks. Intraday bias remains bullish for the moment. On the top side, key resistances are seen at 33.37, 33.52, 33.78 and 3…
It made intraday high at 33.32 and low at 33.23 marks.
Intraday bias remains bullish for the moment.
On the top side, key resistances are seen at 33.37, 33.52, 33.78 and 33.96 marks respectively.
Alternatively, a daily close below 33.28 will drag the parity down towards key supports around 33.05, 32.90, 32.77, 32.57, 32.42, 32.27, 32.18, 32.02 and 31.85 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 manufacturing production data at 0400 GMT.
We prefer to take long position on USD/THB around 33.25, stop loss 33.05 and target of 33.78.
