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

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above Thb33.25
*RES 4: Thb33.54 - High Oct 3 
*RES 3: Thb33.43 - 100-DMA 
*RES 2: Thb33.34 - Daily Bear channel top 
*RES 1: Thb33.25 - High Oct 11
*PRICE: Thb33.18 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.52 - Low Apr 27 2015 
*SUP 4: Thb32.37 - Daily Bear channel base
*COMMENTARY: The Thb33.25 resistance continues to cap attempts to break above
the 21 (Thb33.23) & 55 (Thb33.19) 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 Thb32.38-52 where the
bear channel base it noted.

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