• FxWirePro: USD/THB hits fresh 4-month high at 32.07 Mark, good to buy on dips

    Source: FxWire Pro - Technicals / 08 May 2018 23:21:37   America/New_York

    • USD/THB is currently trading around 32.06 marks.
       
    • It made intraday high at 32.07 and low at 31.93 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 31.85 mark.
       
    • On the top side, key resistances are seen at 32.13, 32.28, 32.60 and 32.89 marks respectively.
       
    • Alternatively, a daily close below 31.93 will drag the parity down towards key supports around 31.80, 31.68, 31.51, 31.30, 31.20, 31.01 and 30.83 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 in USD/THB around 32.02, stop loss at 31.85 and target of 32.28/32.60.

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