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

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bears Need Close Below 55-WMA
*RES 4: Thb33.35 - High Oct 27 
*RES 3: Thb33.20 - High Nov 3 
*RES 2: Thb32.92 - High Nov 17 
*RES 1: Thb32.86 - 2018 High June 19
*PRICE: Thb32.72 @ 2300GMT
*SUP 1: Thb32.58 - High Jan 2 now support 
*SUP 2: Thb32.52 - 55-WMA 
*SUP 3: Thb32.39 - Alternating daily support/resistance 
*SUP 4: Thb32.23 - High June 14 now support
*COMMENTARY: Pressure on the 200-DMA (Thb32.16) took its toll with an aggressive
break higher to fresh 2018 highs Friday and again Tuesday. The close above the
55-WMA adds support to the case for a move now focused on Thb32.92-33.54. Daily
studies at O/B and the proximity of the Bollinger top are concerns for bulls
with potential to limit follow through. Bears now need a close below the 55-WMA
to gain breathing room.

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