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

DOLLAR-THB TECHS: Bulls Need Close Above 21-DMA
*RES 4: Thb33.55 - Daily Bear channel top 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.41 - High July 27, 55-DMA 
*RES 1: Thb33.18 - 21-DMA
*PRICE: Thb33.13 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.55 - Daily Bear channel base 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: Hesitation ahead of May 2015 monthly lows continues with the 21-DMA
continuing to cap. Bulls need a close above the 21-DMA to confirm an easing of
bearish pressure. Bulls then need a close above the 55-DMA to shift focus to
layers of resistance Thb33.53-55 where the longer-term bear channel top is
located. Bears still need a close below Thb32.98 to retain focus on Thb32.52-55
where a channel base it noted.

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