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Bulls Need Close Above 21-DMA......>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above 21-DMA
*RES 4: Thb33.53 - High July 26 
*RES 3: Thb33.41 - High July 27 
*RES 2: Thb33.22 - 21-DMA 
*RES 1: Thb33.20 - Daily Bear channel top
*PRICE: Thb33.16 @ 2300GMT
*SUP 1: Thb33.09 - 2017 Low Sept 4 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.60 - Daily Bear channel base 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: Hesitation ahead of May 2015 monthly lows continues with very
narrow Bollinger bands suggestive of a breakout. Bulls now need a close above
the 21-DMA to confirm an easing of bearish pressure. Bulls then need a close
above Thb33.41 to shift focus to layers of resistance Thb33.52-70 where the
longer term bear channel top is located. Bears need a close below Thb32.98 to
retain focus on Thb32.52-60 where the channel base it noted.

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