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Aggressively Rejected Ahead Of.....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Aggressively Rejected Ahead Of 200-DMA
*RES 4: Thb32.58 - 2018 High Jan 2 
*RES 3: Thb32.39 - Low Jan 2 now support 
*RES 2: Thb32.31 - 200-DMA 
*RES 1: Thb32.22 - High May 10
*PRICE: Thb31.95 @ 2300GMT
*SUP 1: Thb31.80 - High May 7 now support 
*SUP 2: Thb31.58 - Low May 3 
*SUP 3: Thb31.57 - 21-DMA 
*SUP 4: Thb31.38 - 55-DMA
*COMMENTARY: The recovery from Apr lows appears to be in trouble with the pair
aggressively rejected ahead of the 200-DMA. Daily studies correcting from O/B
are a concern for bulls and add weight to the case for a correction back to
Thb31.32-58 where key DMAs are noted. Bulls now need a close above Thb32.39 to
confirm a break of the 200-DMA and initially target the 55-WMA (Thb32.75).

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