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Bulls Now Need Close Above.........>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Now Need Close Above 21-DMA
*RES 4: Thb31.65 - High Feb 22 
*RES 3: Thb31.60 - 55-DMA 
*RES 2: Thb31.35 - 21-DMA 
*RES 1: Thb31.25 - Low Mar 6 now resistance
*PRICE: Thb31.22 @ 2300GMT
*SUP 1: Thb31.07 - 2018 Low Mar 14 
*SUP 2: Thb30.81 - LT Bear channel base 
*SUP 3: Thb30.80 - Monthly Low July 24 2013 
*SUP 4: Thb30.42 - Low June 14 2013
*COMMENTARY: The pair has remained capped ahead of the 21-DMA in recent weeks
with pressure resulting in fresh 2018 & 4+yr lows. Bear currently focus on
Thb30.80-81 where July 2013 monthly lows and the LT bear channel base are
situated. The Bollinger base (Thb31.13) is the key concern for bears and limits
follow through. Bulls need a close above the 21-DMA to ease bearish pressure and
hint at a correction to Thb31.60-74.

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