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Above Thb33.41 To Gain Breathing...>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Above Thb33.41 To Gain Breathing Room
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.45 - 21-DMA 
*RES 1: Thb33.41 - High July 27
*PRICE: Thb33.26 @ 2300GMT
*SUP 1: Thb33.20 - 2017 Low Aug 1 
*SUP 2: Thb33.13 - Low May 5 2015 
*SUP 3: Thb33.03 - Bollinger band base 
*SUP 4: Thb32.98 - Monthly Low May 1 2015
*COMMENTARY: Daily studies looking to correct from O/S remain the key concern
for bears which makes hesitation ahead of recent 2017 lows a concern. In saying
that, bulls still need a close above Thb33.41 to gain breathing room and above
Thb33.53 to hint at a correction back to Thb33.80-88 where the 55-DMA is
located. Bears need a close below Thb33.13 to reconfirm the bearish bias and
initially target May 2015 monthly lows.

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