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200-DMA Confirmed Significance.....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: 200-DMA Confirmed Significance
*RES 4: Thb32.58 - 2018 High Jan 2 
*RES 3: Thb32.39 - Low Jan 2 now support 
*RES 2: Thb32.26 - 200-DMA 
*RES 1: Thb32.17 - High May 22
*PRICE: Thb32.11 @ 2300GMT
*SUP 1: Thb31.94 - Low May 17 
*SUP 2: Thb31.90 - 21-DMA 
*SUP 3: Thb31.75 - Low May 14 
*SUP 4: Thb31.58 - Low May 3
*COMMENTARY: The 200-DMA confirmed significance having capped the recovery from
2018 lows. Immediate pressure has returned to initial support with bears needing
a close below the 21-DMA now to confirm an easing of bullish pressure and hint
at a move back to Idr31.32-58 where 55 & 100-DMAs are noted. Bulls continue to
look for a close above the 200-DMA to hint at a move to Thb32.66 where the
55-WMA is found.

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