• FxWirePro: USD/THB trades in narrow range, intraday bias remains neutral

    Source: FxWire Pro - Technicals / 22 Nov 2017 22:50:41   Eastern Standard Time

    • USD/THB is currently trading around 32.70 marks.
       
    • It made intraday high at 32.71 and low at 32.68 marks.
       
    • Intraday bias remains neutral for the moment.
       
    • A daily close below 32.69 will drag the parity down towards key supports around 32.62, 32.50, 32.40 and 32.34 marks respectively.
       
    • On the top side, key resistances are seen at 32.76, 32.86, 32.92, 33.03, 33.10, 33.22, 33.38, 33.46, 33.52, 33.77, 33.94, 34.10, 34.23, 34.34, 34.48, 34.55, 34.67 and 34.74 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 short position in USD/THB around 32.72, stop loss at 32.92 and target of 32.50.

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