Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:USD/THB hovers around key support at 31.10 mark, consistent close below targets 30.83 mark

  • USD/THB is currently trading around 31.13 marks.
     
  • It made intraday high at 31.15 and low at 31.10 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 31.10 mark.
     
  • On the top side, key resistances are seen at 31.20, 31.30, 31.50, 31.59, 31.75, 31.92, 32.00, 32.13 and 32.28 marks respectively.
     
  • Alternatively, a daily close below 31.10 will drag the parity down towards key supports around 31.01, 30.83, 30.68 and 30.40 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Thailand will release Forex reserves and currency swap data at 0730 GMT.

We prefer to take short position on USD/THB only below 31.10, stop loss at 31.30 and target of 30.83 mark.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.