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- USD/THB is currently trading around 31.81 marks.
- It made intraday high at 31.84 and low at 31.76 marks.
- Intraday bias remains neutral till the time pair holds key support at 31.70 mark.
- On the top side, key resistances are seen at 31.92, 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.80 will drag the parity down towards key supports around 31.70, 31.58, 31.42, 31.28, 31.20 and 31.06 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on USD/THB only below 31.70, stop loss at 31.90 and target of 31.58/31.42.
