Above Thb33.41 To Gain Breathing...>

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: Thb33.41 - High July 27 

*RES 1: Thb33.31 - 21-DMA

*PRICE: Thb33.25 @ 2300GMT

*SUP 1: Thb33.14 - 2017 Low Aug 11 

*SUP 2: Thb33.13 - Low May 5 2015, Bollinger band base 

*SUP 3: Thb32.98 - Monthly Low May 1 2015 

*SUP 4: Thb32.74 - High Apr 27 now support

*COMMENTARY: Daily studies looking to correct from O/S remain the key concern

for bears which makes hesitation around recent 2017 lows a concern. In saying

that, bulls need a close above Thb33.41 to gain breathing room and above

Thb33.53 to hint at a correction back to Thb33.70-88 where the 55-DMA (Thb33.72)

is located. Bears need a close below Thb33.13 to reconfirm the bearish bias and

initially target May 2015 monthly lows.