USD/THB intraday : as long as 31.726 is support look for 31.976

Our pivot point is at 31.726.

Our preference: as long as 31.726 is support look for 31.976

Alternative scenario: below 31.726, expect 31.644 and 31.596.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 31.796 and 31.756).

Supports and resistances:

32.073 **

32.025 *

31.976 **

31.927

31.810 last

31.758

31.726 **