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Above 21-DMA To Ease Bearish.......>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Above 21-DMA To Ease Bearish Pressure
*RES 4: Thb33.07 - High Nov 15 
*RES 3: Thb32.92 - High Nov 17 
*RES 2: Thb32.78 - 21-DMA 
*RES 1: Thb32.77 - High Nov 22
*PRICE: Thb32.62 @ 2300GMT
*SUP 1: Thb33.48 - 2017 Low Nov 29 
*SUP 2: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015 
*SUP 3: Thb32.19 - Monthly Low Oct 21 2014 
*SUP 4: Thb31.99 - Daily Bear channel base
*COMMENTARY: Repeated fresh 2017 lows added weight to the bearish case with
overall focus on tests of the bear channel base. O/S daily studies looking to
correct higher remain key concern for bears. In saying that, bulls still need a
close above the 21-DMA to ease immediate bearish pressure and hint at a
correction back to Thb32.92-33.14 where 55 & 100-DMAs and MT bear channel top
(Thb32.95) are located.

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