• FxWirePro: USD /thb fails to find support below 32.50 Mark, bias turns bullish again

    Source: FxWire Pro - Technicals / 29 Mar 2020 23:36:18   America/New_York

    • USD/THB is currently trading around 32.67 marks.
       
    • It made intraday high at 32.71 and low at 32.52 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 32.36 mark.
       
    • On the top side, key resistances are seen at 32.70, 32.94, 33.32, 33.54 and 34.14 marks respectively.
       
    • Alternatively, a daily close below 32.56 will drag the parity down towards key supports around 32.36, 32.10, 31.85, 31.56, 31.18 and 30.97 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

    We prefer to go long on USD/THB around 32.60, stop loss at 32.50 and target of 32.94.

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