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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: Thb33.46 - 100-DMA 
*RES 1: Thb33.25 - High Oct 11
*PRICE: Thb33.19 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.97 - Bollinger band base 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: Layers of resistance remain Thb33.20-25 where 21 & 55-DMAs are
situated. Bulls continue to look for a close above Thb33.25 to ease immediate
bearish pressure and above Thb33.54 to confirm a break of the 100-DMA and bear
channel top (Thb33.38) and to target Thb33.70-88. While Thb33.25 caps bears
retain the advantage with a close below Thb32.98 needed to shift initial focus
to Thb32.52.

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