• FxWirePro: USD/THB moves in stiff boundaries, bias remains neutral

    Source: FxWire Pro - Technicals / 19 Mar 2018 22:34:26   Eastern Standard Time

    • USD/THB is currently trading around 31.19 marks.
       
    • It made intraday high at 31.21 and low at 31.18 marks.
       
    • Intraday bias remains neutral till the time pair holds key resistance at 31.25 mark.
       
    • On the top side, key resistances are seen at 31.30, 31.50, 31.59, 31.75, 31.92, 32.00, 32.13, 32.28, 32.39, 32.46, 32.61 and 32.85 marks respectively.
       
    • Alternatively, a daily close below 31.15 will drag the parity down towards key supports around 31.08, 31.01 and 30.83 marks respectively.
    • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

    We prefer to take long position in USD/THB  only above 31.25, stop loss at 31.08 and target of 31.59.

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