- USD/THB is currently trading around 33.86 marks.
- It made intraday high at 34.27 and low at 33.83 marks.
- Intraday bias remains bearish for the moment.
- On the top side, key resistances are seen at 34.06, 34.27, 34.34, 34.48, 34.55, 34.67, 34.74, 34.82, 34.97, 35.11 and 35.20 marks respectively.
- Alternatively, a daily close below 33.90 will drag the parity down towards key supports around 33.74, 33.58, 33.01 and 32.54 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/THB around 33.90, stop loss at 34.27 and target of 33.58/33.01.
