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Bears Dominate While 55-DMA Caps...>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bears Dominate While 55-DMA Caps
*RES 4: Thb31.74 - High Feb 12 
*RES 3: Thb31.73 - 100-DMA 
*RES 2: Thb31.65 - High Feb 22 
*RES 1: Thb31.32 - High Mar 28, 55-DMA
*PRICE: Thb31.19 @ 2300GMT
*SUP 1: Thb31.07 - 2018 Low Mar 14 
*SUP 2: Thb30.80 - Monthly Low July 24 2013 
*SUP 3: Thb30.53 - LT Bear channel base 
*SUP 4: Thb30.42 - Low June 14 2013
*COMMENTARY: The recovery from 2018 lows continues to hesitate ahead of the
55-DMA. Bulls still need a close above the 55-DMA to confirm an easing of
bearish pressure and to shift initial focus back to Thb31.65-74 where the
100-DMA is noted. Bears retain the advantage while the 55-DMA caps but need a
close below 2018 lows to reconfirm a bearish bias and retain focus on
Thb30.53-80 where the LT bear channel base is located.

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