- USD/THB is currently trading around 31.39 marks.
- It made intraday high at 31.40 and low at 31.30 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.70 marks.
- On the top side, key resistances are seen at 31.70, 31.94, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.30 will drag the parity down towards key supports around 31.20 and 31.06 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Thailand will release CPI as well as core CPI data around 0330 GMT.
We prefer to take short position on USD/THB around 31.45, stop loss at 31.70 and target of 31.28/31.06.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro- Major Crypto levels and bias summary
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 



