• FxWirePro: USD /thb jumps above 32.83 Mark, sustained close above requires for upside rally

    Source: FxWire Pro - Technicals / 26 Mar 2020 00:27:21   America/New_York

    • USD/THB is currently trading around 32.80 marks.
       
    • It made intraday high at 32.85 and low at 32.70 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 32.57 mark.
       
    • On the top side, key resistances are seen at 32.94, 33.32, 33.54 and 34.14 marks respectively.
       
    • Alternatively, a daily close below 32.73 will drag the parity down towards key supports around 32.57, 32.40, 32.14, 31.85, 31.56, 31.18 and 30.97 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 go long on USD/THB around 32.80, stop loss at 32.64 and target of 33.14/33.32.

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