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Bulls Need Close Above Thb35.06....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Need Close Above Thb35.06
*RES 4: Thb32.64 - 55-DMA 
*RES 3: Thb32.40 - 21-DMA 
*RES 2: Thb33.39 - Low Jan 2 now resistance 
*RES 1: Thb32.06 - Low Jan 10 now resistance
*PRICE: Thb31.93 @ 2300GMT
*SUP 1: Thb31.85 - 2018 Low Jan 15 
*SUP 2: Thb31.72 - 2014 Low July 22, Daily Bear channel base 
*SUP 3: Thb31.40 - Low Nov 14 2013 
*SUP 4: Thb31.16 - Low Nov 6 2013
*COMMENTARY: Bearish confidence grows with fresh 3+yr lows reconfirming bearish
focus on Thb31.72 where the bear channel base is located. O/S daily studies
looking to correct remain the key concern for bears. Layers of resistance
accumulating are weighing with bulls needing a close above Thb32.06 to gain
breathing room and above the 21-DMA to return initial focus to Thb32.58-92 where
55 & 100-DMAs and bear channel top are noted.

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