• FxWirePro: USD/THB hits fresh 5 – month high at 30.81 Mark, stay long

    Source: FxWire Pro - Technicals / 27 Jan 2020 23:48:09   America/New_York

    • USD/THB is currently trading around 30.80 marks.
       
    • It made intraday high at 30.81 and low at 30.70 marks.
       
    • Intraday bias remains bullish for the moment.
       
    • On the top side, key resistances are seen at 30.97, 31.20, 31.50 and 31.70 marks respectively.
       
    • Alternatively, a daily close below 30.56 will drag the parity down towards key supports around 30.70, 30.56, 30.37, 30.15, 29.96 and 29.72 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 30.75, stop loss at 30.56 and target of 30.97/31.20.

Share on,