- USD/THB is currently trading around 31.90 marks.
- It made intraday high at 31.96 and low at 31.89 marks.
- Intraday bias remains neutral till the time pair holds key support at 31.87 mark.
- On the top side, key resistances are seen at 32.10, 32.22 and 32.54 marks respectively.
- Alternatively, a daily close below 31.92 will drag the parity down towards key supports around 31.70, 31.58, 31.42, 31.28, 31.20 and 31.06 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Thailand will release trade balance, current account and private investment/consumption index data around 0730 GMT.
We prefer to take long position on USD/THB around 31.85, stop loss at 31.70 and target of 32.22/32.54.
