2017.05.2822:29:00UTC+00Fxwirepro: Usd/thb Remains Well supported Above 34.00 Mark, Upside Limited

• USD/THB is currently trading around 34.10 marks.
   
• It made intraday high at 34.11 and low at 34.03 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 34.00 marks. 
   
• On the top side, key resistances are seen at 34.18, 34.34, 34.48, 34.55, 34.67, 34.74, 34.82, 34.97, 35.11, 35.20, 35.32, 35.42, 35.62 and 35.74 marks respectively.
   
• Alternatively, a daily close below 34.00 will drag the parity down towards key supports around 33.74, 33.58, 33.01 and 32.54 marks respectively.

• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.  

We prefer to take short position in USD/THB around 34.10, stop loss at 34.18 and target of 33.74.