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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: Thb33.26 - 21-DMA
*PRICE: Thb33.23 @ 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 with bulls still needing a close above
Thb33.41 to gain breathing room and above Thb33.53 to target a correction back
to Thb33.65-88 where the 55-DMA (Thb33.65) 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. Narrowing Bollinger bands suggest a
breakout in the near future.

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