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Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
- USD/THB is currently trading around 30.66 marks.
- It made intraday high at 30.67 and low at 30.63 marks.
- Intraday bias remains neutral till the time pair holds key support 30.50 mark.
- On the top side, key resistances are seen at 30.70, 30.97, 31.20, 31.50, 31.70, 31.99, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 30.55 will drag the parity down towards key supports around 30.42, 30.28 and 30.12 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to go long on USD/THB only above 30.70, stop loss at 30.50 and target of 30.97 mark.
