• FxWirePro: USD/THB hits fresh 3 – week high at 30.30 Mark, stay long

    Source: FxWire Pro - Technicals / 03 Dec 2019 23:21:32   America/New_York

    • USD/THB is currently trading around 30.30 marks.
       
    • It made intraday high at 30.30 and low at 30.26 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 30.16 mark.
       
    • On the top side, key resistances are seen at 30.43, 30.72, 30.97, 31.20, 31.50 and 31.70 marks respectively.
       
    • Alternatively, a daily close below 30.16 will drag the parity down towards key supports around 30.02, 29.84 and 29.55 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 long on USD/THB around 30.27, stop loss at 30.16 and target of 30.43/30.72.

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