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Bulls Need Close Above Thb31.31....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above Thb31.31
*RES 4: Thb31.65 - High Feb 22 
*RES 3: Thb31.48 - Bollinger band top 
*RES 2: Thb31.46 - 55-DMA 
*RES 1: Thb31.31 - High Mar 23
*PRICE: Thb31.19 @ 2300GMT
*SUP 1: Thb31.07 - 2018 Low Mar 14 
*SUP 2: Thb31.05 - Bollinger band base 
*SUP 3: Thb30.80 - Monthly Low July 24 2013 
*SUP 4: Thb30.72 - LT Bear channel base
*COMMENTARY: Failure to take out the 21-DMA leaves the pair looking heavy once
more. Bulls now need a close above Thb31.31 to confirm an easing of bearish
pressure and hint at a correction to Thb31.46-74 where the 55-DMA and Bollinger
top are located. While Thb31.31 caps bears remain focused on the break of
Thb31.07 needed to add weight to the case for a test of Thb30.72-80 where July
2013 monthly lows and the LT bear channel base are situated.

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