- USD/THB is currently trading around 35.19 marks.
- It made intraday high at 35.25 and low at 35.12 marks.
- Intraday bias remains bearish for the moment.
- On the top side key resistances are seen at 35.45, 35.67, 35.90, 36.05, 36.44 and 36.66 marks respectively.
- Alternatively, a daily close below 35.00 will drag the parity down towards key supports around 34.77, 34.51 and 34.20 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to go short on USD/THB around 35.20, stop loss 35.45 and target 35.00/34.77.


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