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- USD/THB is currently trading around 31.99 marks.
- It made intraday high at 32.03 and low at 31.98 marks.
- Intraday bias remains neutral till the time pair holds immediate support at 31.92 mark.
- On the top side, key resistances are seen at 32.10, 32.22, 32.48, 32.70, 32.83 and 32.92 marks respectively.
- Alternatively, a daily close below 31.94 will drag the parity down towards key supports around 31.85, 31.60 and 31.24 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on USD/THB only below 31.92, stop loss at 32.22 and target of 31.60.
