2017.05.2123:12:00UTC+00Fxwirepro: Usd/thb Hovers Around Fresh 3-Week Low at 34.31 Mark, sustained Close Below Targets 34.02 Mark

• USD/THB is currently trading around 34.34 marks.
   
• It made intraday high at 34.39 and low at 34.31 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 34.31 marks. 


• On the top side, key resistances are seen at 34.55, 34.67, 34.74, 34.82, 34.97, 35.11, 35.20, 35.32, 35.42, 35.62, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.
   
• Alternatively, a daily close below 34.34 will drag the parity down towards key supports around 34.30, 34.14 and 34.02 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 short position in USD/THB only below 34.31, stop loss at 34.55 and target of 34.02.