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FxWirePro: GBP/NZD downtrend extends, remains on bearish path 
- USD/THB is currently trading around 31.66 marks.
- It made intraday high at 31.69 and low at 31.61 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 31.72 mark.
- A daily close below 31.50 will drag the parity down towards key supports around 31.30, 31.11, 31.01 and 30.83 marks respectively.
- On the top side, key resistances are seen at 31.72, 31.80, 31.92, 32.00, 32.13, 32.28, 32.39, 32.46, 32.61 and 32.85 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take long position in USD/THB only above 31.72, stop loss at 31.50 and target of 32.00.
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