• FxWirePro: USD/THB moves directionless, downside limited

    Source: FxWire Pro - Technicals / 22 Jan 2020 23:13:46   America/New_York

    • USD/THB is currently trading around 30.41 marks.
       
    • It made intraday high at 30.42 and low at 30.37 marks.
       
    • Intraday bias remains neutral for the moment.
       
    • On the top side, key resistances are seen at 30.52, 30.70, 30.97, 31.20, 31.50 and 31.70 marks respectively.
       
    • Alternatively, a daily close below 30.35 will drag the parity down towards key supports around 30.15, 29.96, 29.72, 29.55, 29.25 and 28.56 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 only above 30.42, stop loss at 30.30 and target of 30.72.

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