• FxWirePro: USD/THB slips below 30.50 Mark, hits lowest level since June 2013

    Source: FxWire Pro - Technicals / 12 Sep 2019 04:54:54   Europe/London

    • USD/THB is currently trading around 30.49 marks.
       
    • It made intraday high at 30.59 and low at 30.49 marks.
       
    • Intraday bias remains bearish till the time pair holds key resistance 30.70 mark.
       
    • On the top side, key resistances are seen at 30.70, 30.97, 31.20, 31.50, 31.70, 31.99, 32.10, 32.22 and 32.54 marks respectively.
       
    • Alternatively, a daily close below 30.55 will drag the parity down towards key supports around 30.42, 30.28 and 30.12 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 go short on USD/THB around 30.55, stop loss at 30.70 and target of 30.28/30.12.

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