- USD/THB is currently trading around 29.87 marks.
- It made intraday high at 29.99 and low at 29.79 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.02 mark.
- On the top side, key resistances are seen at 30.02, 30.15, 30.25, 30.43, 30.72, 30.97, 31.20, 31.50 and 31.70 marks respectively.
- Alternatively, a daily close below 29.96 will drag the parity down towards key supports around 29.78, 29.55, 29.25 and 28.56 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 go short on USD/THB around 29.90, stop loss at 30.15 and target of 29.55/29.25.
