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Bulls Need Close Above Thb33.25....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above Thb33.25
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.54 - High Oct 3 
*RES 2: Thb33.52 - 100-DMA 
*RES 1: Thb33.25 - High Oct 11
*PRICE: Thb33.11 @ 2300GMT
*SUP 2: Thb33.01 - 2017 Low Sept 7 & 8 
*SUP 3: Thb32.98 - Monthly Low May 1 2015 
*SUP 4: Thb32.96 - Bollinger band base 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: The topside failures ahead of the 100-DMA took their toll with
pressure on the 21 & 55-DMAs (Thb33.22) resulting in a close below Wednesday and
focus having returned to tests of 2017 lows. Daily studies are well placed for
further losses. Bulls need a close above Thb33.25 to ease immediate bearish
pressure and above Thb33.54 to confirm a break of the 100-DMA and to target
Thb33.70-88.

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