Above Thb32.77 To Ease Bearish.....>

DOLLAR-THB TECHS: Above Thb32.77 To Ease Bearish Pressure

*RES 4: Thb33.07 - High Nov 15 

*RES 3: Thb32.92 - High Nov 17 

*RES 2: Thb32.88 - 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: Thb32.04 - 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 and the

Bollinger bases remain key concerns for bears. In saying that, bulls still need

a close above Thb32.77 to ease immediate bearish pressure and hint at a

correction back to Thb32.88-33.17 where 21, 55 & 100-DMAs and the bear channel

top (Thb33.00) are located.