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

DOLLAR-THB TECHS: Bulls Need Close Above Thb33.25

*RES 4: Thb33.54 - High Oct 3 

*RES 3: Thb33.46 - 100-DMA 

*RES 2: Thb33.36 - Daily Bear channel top 

*RES 1: Thb33.25 - High Oct 11

*PRICE: Thb33.16 @ 2300GMT

*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 

*SUP 2: Thb32.98 - Monthly Low May 1 2015, Bollinger band base 

*SUP 3: Thb32.52 - Low Apr 27 2015 

*SUP 4: Thb32.40 - Daily Bear channel base

*COMMENTARY: The Thb33.25 resistance continues to cap attempts to break above

the 21 (Thb33.23) & 55 (Thb33.20) DMAs with bulls needing a close above Thb33.25

to ease immediate bearish pressure. A close above Thb33.54 is then needed to

shift immediate focus back to Thb33.70-80. While Thb33.25 caps bears retain the

advantage and look for a close below Thb32.98 to target Thb32.40-52 where the

bear channel base it noted.