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Bulls Need Close Above Thb33.53....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above Thb33.53
*RES 4: Thb33.80 - Low June 14 now resistance 
*RES 3: Thb33.78 - 21-DMA 
*RES 2: Thb33.70 - High July 20 
*RES 1: Thb33.53 - High July 26
*PRICE: Thb33.39 @ 2300GMT
*SUP 1: Thb33.35 - 2017 Low July 26 
*SUP 2: Thb33.28 - Low May 18 2015 
*SUP 3: Thb33.13 - Low May 5 2015 
*SUP 4: Thb32.98 - Monthly Low May 1 2015
*COMMENTARY: Consolidation below the 200-WMA (Thb33.93) is adding weight to the
bearish case with fresh 2017 and 2+ year lows continuing. Very O/S daily studies
and the Bollinger base (Thb33.25) remain key concerns for bears but are not yet
impacting. Bulls need a close above Thb33.53 to ease immediate bearish pressure
and above Thb33.88 to pressure Thb33.99-34.04 where the bear channel top and
55-DMA are located.

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