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Bears Need Close Below 55-DMA......>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bears Need Close Below 55-DMA
*RES 4: Thb33.80 - Low June 14 now resistance 
*RES 3: Thb33.70 - High July 20 
*RES 2: Thb33.60 - 100-DMA 
*RES 1: Thb33.54 - High Oct 3
*PRICE: Thb33.36 @ 2300GMT
*SUP 1: Thb33.24 - 55-DMA 
*SUP 2: Thb33.16 - 21-DMA 
*SUP 3: Thb33.01 - 2017 Low Sept 7 & 8 
*SUP 4: Thb32.98 - Monthly Low May 1 2015
*COMMENTARY: Hesitation ahead of May 2015 monthly lows defined September with
bulls taking comfort in closes above 21 & 55-DMAs and focus currently on
Php33.54-70 where the 100-DMA is located. Bulls now look for a close above
Thb33.70 to hint at a move back to Thb34.16-28 with above Thb33.88 to confirm.
Bears need a close below the 55-DMA to ease bullish pressure and below the
21-DMA to pressure 2017 lows.

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