• FxWirePro: Thai Baht falls gradually against U.S. Dollar, stay bullish

    Source: FxWire Pro - Technicals / 17 Jul 2018 22:45:13   America/New_York

    • USD/THB is currently trading around 33.31 marks.
    • It made intraday high at 33.34 and low at 33.30 marks.
    • Intraday bias remains slightly bullish till the time pair holds key support at 33.22 mark.
    • On the top side, key resistances are seen at 33.36, 33.48 and 33.78 marks respectively.
    • Alternatively, a daily close below 33.32 will drag the parity down towards key supports around  33.22, 33.02, 32.90, 32.66 and 32.50 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 take long position on USD/THB only above 33.36, stop loss at 33.22 and target of 33.48.

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