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FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
FxWirePro: USD/JPY holding bid into weekend 
- USD/THB is currently trading around 34.99 marks.
- It made intraday high at 35.02 and low at 34.98 marks.
- Intraday bias remains neutral till the time pair holds immediate support at 34.98 marks.
- On the top side key resistances are seen at 35.02, 35.11, 35.21, 35.33, 35.41, 35.67, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.
- Alternatively, a daily close below 34.98 will drag the parity down towards key supports around 34.83, 34.64, 34.51 and 34.20 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 short position in USD/THB only below 34.98, stop loss at 35.11 and target of 34.83.
