• FxWirePro: USD/THB jumps above 31.00 Mark, hits highest level since June 2019

    Source: FxWire Pro - Technicals / 29 Jan 2020 23:39:14   America/New_York

    • USD/THB is currently trading around 31.25 marks.
       
    • It made intraday high at 31.26 and low at 30.97 marks.
       
    • Intraday bias remains bullish for the moment.
       
    • On the top side, key resistances are seen at 31.50, 31.70 and 31.92 marks respectively.
       
    • Alternatively, a daily close below 30.97 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 31.15, stop loss at 30.95 and target of 31.50/31.70.

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