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FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus 
- USD/THB is currently trading around 31.25 marks.
- It made intraday high at 31.29 and low at 31.22 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 31.30, 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.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
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