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- USD/THB is currently trading around 35.30 marks.
- It made intraday high at 35.33 and low at 35.29 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 35.41 marks.
- On the top side key resistances are seen at 35.41, 35.67, 35.74, 35.84, 35.93, 36.01, 36.08, 36.39 and 36.66 marks respectively.
- Alternatively, a daily close below 35.32 will drag the parity down towards key supports around 35.18, 35.04, 34.83, 34.64, 34.51 and 34.20 marks respectively.
We prefer to take short position in USD/THB around 35.32, stop loss 35.41 and target of 35.18/35.04.
