- USD/THB is currently trading around 33.12 marks.
- It made intraday high at 33.16 and low at 33.06 marks.
- Intraday bias remains bullish till the time pair holds key support at 33.02 mark.
- On the top side, key resistances are seen at 33.15, 33.30, 33.48 and 33.78 marks respectively.
- Alternatively, a daily close below 33.14 will drag the parity down towards key supports around 33.02, 32.90, 32.66 and 32.50 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 take short position in USD/THB only below 33.02, stop loss at 33.20 and target of 32.90/32.82.
