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21-DMA Continues To Cap *RES 4:....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: 21-DMA Continues To Cap
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.41 - High July 27 
*RES 1: Thb33.28 - 21-DMA
*PRICE: Thb33.21 @ 2300GMT
*SUP 1: Thb33.14 - 2017 Low Aug 11 
*SUP 2: Thb33.13 - Low May 5 2015 
*SUP 3: Thb32.98 - Monthly Low May 1 2015 
*SUP 4: Thb32.74 - High Apr 27 now support
*COMMENTARY: The 21-DMA continues to cap the pair with bulls still needing a
close above Thb33.41 to gain breathing room and above Thb33.53 to target a
correction back to Thb33.67-88 where the 55-DMA (Thb33.67) is located. Bears
continue to look for a close below Thb33.13 to reconfirm the bearish bias and
initially target May 2015 monthly lows and then Thb32.74. The Bollinger base
(Thb33.15) remains the key concern for bears.

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