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- USD/THB is currently trading around 33.11 marks.
- It made intraday high at 33.18 and low at 32.92 marks.
- Intraday bias remains bullish till the time pair holds key support at 32.72 mark.
- On the top side, key resistances are seen at 33.32, 33.54, 33.78 and 34.14 marks respectively.
- Alternatively, a daily close below 33.09 will drag the parity down towards key supports around 32.72, 32.56, 32.36, 32.10, 31.85, 31.56, 31.18 and 30.97 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 33.07, stop loss at 32.72 and target of 33.54/33.90.
