Trial now

VIEW: ING: The Message Is Clear - Stability


Resilience Gives Way

DOLLAR-THB TECHS: Below 2018 Lows Initially Targets Thb30.80-94
*RES 4: Thb31.92 - High Feb 8 
*RES 3: Thb31.86 - 55-DMA 
*RES 2: Thb31.74 - High Feb 12 
*RES 1: Thb31.65 - High Feb 22
*PRICE: Thb31.42 @ 2300GMT
*SUP 1: Thb31.16 - 2018 Low Feb 16, Low Nov 6 2013 
*SUP 2: Thb30.93 - LT Bear channel base 
*SUP 3: Thb30.80 - Monthly Low July 24 2013 
*SUP 4: Thb30.42 - Low June 14 2013
*COMMENTARY: Sideways trading continues. Bears look for a close below 2018 lows
to reconfirm focus on the Thb30.80-93 region where the LT bear channel base and
July 2013 monthly low are situated. Layers of resistance remain in place. Bulls
now look for a close above Thb31.92 to confirm a break of the 55-DMA and to
shift focus to Thb32.28-58 where the LT bear channel top and 100-DMA are