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Bulls Need Close Above 55-DMA......>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above 55-DMA
*RES 4: Thb31.74 - High Feb 12 
*RES 3: Thb31.65 - High Feb 22 
*RES 2: Thb31.37 - 55-DMA 
*RES 1: Thb31.32 - High Mar 28
*PRICE: Thb31.26 @ 2300GMT
*SUP 1: Thb31.07 - 2018 Low Mar 14 
*SUP 2: Thb30.80 - Monthly Low July 24 2013 
*SUP 3: Thb30.64 - LT Bear channel base 
*SUP 4: Thb30.42 - Low June 14 2013
*COMMENTARY: Hesitation ahead of 2018 lows resulted in a break of Thb31.31 but
follow through has been lacking. Bulls now need a close above the 55-DMA to
confirm an easing of bearish pressure and to shift focus back to Thb31.65-74.
Bears still need a close below 2018 lows to reconfirm a bearish bias and retain
focus on Thb30.64-80 where the bear channel base is located.

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