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Bullish Confidence Growing *RES....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bullish Confidence Growing
*RES 4: Thb32.39 - Low Jan 2 now support 
*RES 3: Thb32.33 - 200-DMA 
*RES 2: Thb32.06 - Alternating daily support/resistance 
*RES 1: Thb31.92 - Monthly High Feb 8
*PRICE: Thb31.83 @ 2300GMT
*SUP 1: Thb31.80 - High May 7 now support 
*SUP 2: Thb31.58 - Low May 3 
*SUP 3: Thb31.45 - Low Apr 30, 21-DMA 
*SUP 4: Thb31.39 - Alternating daily support/resistance
*COMMENTARY: Bulls take comfort in the rally to start the new week that sees
pressure now on Thb31.92-32.06. Bulls need a close above this region to add
support to the case for a test of the 200-DMA. O/B daily studies are the key
concern for bulls. Bears now need a close below Thb31.58 to ease bullish
pressure and below the 55-DMA (Thb31.35) to shift focus back to tests of 2018
lows.

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