USD/THB intraday: the upside prevails as long as 33.388 is support

Our pivot point stands at 33.388.

Our preference: the upside prevails as long as 33.388 is support.

Alternative scenario: the downside breakout of 33.388 would call for 33.270 and 33.200.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 33.438 and 33.420).

Supports and resistances:

33.892 **

33.822 *

33.752 **

33.682

33.480 last

33.434

33.388 **