• USD/THB is currently trading around 34.69 marks.
   
• It made intraday high at 34.69 and low at 34.63 marks.
   
• Intraday bias remains neutral for the moment.
   
• On the top side, key resistances are seen at 34.74, 34.85, 34.97, 35.11, 35.20, 35.32, 35.42, 35.62, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.
   
• Alternatively, a daily close below 34.64 will drag the parity down towards key supports around 34.54, 34.40, 34.34, 34.24 and 34.01 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.
  
  Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.