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- USD/THB is currently trading around 31.67 marks.
- It made intraday high at 31.70 and low at 31.56 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.40 mark.
- On the top side, key resistances are seen at 31.70, 31.92, 32.14, 32.48 and 33.23 marks respectively.
- Alternatively, a daily close below 31.43 will drag the parity down towards key supports around 31.18, 30.97, 30.87, 30.70, 30.56, 30.37, 30.15, 29.96 and 29.72 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 go long on USD/THB around 31.60, stop loss at 31.40 and target of 31.92/32.14.
