- USD/THB is currently trading around 32.99 marks.
- It made intraday high at 32.99 and low at 32.94 marks.
- Intraday bias remains neutral 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 32.82 will drag the parity down towards key supports around 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 forex reserves and currency swap data at 0730 GMT.
We prefer to take long position on USD/THB only above 33.02, stop loss 32.77 and target of 33.15/33.32.
