FxWirePro: USD/THB moves in rigid boundaries, Thailand’s consumer confidence index data in focus

• USD/THB is currently trading around 32.72 marks.
   
• It made intraday high at 32.76 and low at 32.68 marks.
   
• Intraday bias remains neutral for the moment.
   
• On the top side, key resistances are seen at 32.90, 33.05, 33.20, 33.37, 33.52, 33.78 and 33.96 marks respectively.
   
• Alternatively, a daily close below 32.51 will drag the parity down towards key supports around 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 consumer confidence index data at 0330 GMT.

We prefer to take long position n USD/THB only above 32.90, stop loss at 32.65 and target of 33.20.