• FxWirePro: USD/THB consolidates around 31.80 Mark, stay bullish only above 31.92

    Source: FxWire Pro - Technicals / 06 Mar 2019 22:39:11   America/New_York

    • USD/THB is currently trading around 31.87 marks.
       
    • It made intraday high at 31.89 and low at 31.82 marks.
       
    • Intraday bias remains neutral till the time pair holds key resistance at 31.92 mark.
       
    • On the top side, key resistances are seen at 31.92, 32.02, 32.10, 32.22 and 32.54 marks respectively.
       
    • Alternatively, a daily close below 31.76 will drag the parity down towards key supports around 31.54, 31.42, 31.28, 31.20, 31.06, 30.94, 30.20 and 29.66 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 on USD/THB only above 31.92, stop loss at 31.70 and target of 32.02/32.10 mark.

Share on,