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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: Thb32.30 - 200-DMA 
*RES 1: Thb32.22 - High May 10
*PRICE: Thb31.91 @ 2300GMT
*SUP 1: Thb31.77 - High May 7 now support 
*SUP 2: Thb31.61 - 21-DMA 
*SUP 3: Thb31.58 - Low May 3 
*SUP 4: Thb31.39 - 55-DMA
*COMMENTARY: The recovery from Apr lows appears to be in trouble with the pair
aggressively rejected ahead of the 200-DMA last week. Daily studies correcting
from O/B are a concern for bulls and add weight to the case for a correction
back to Thb31.32-61 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
(Thb32.70).

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