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Bulls Still Need Close Above.......>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Bulls Still Need Close Above 21-DMA
*RES 4: Thb33.53 - High July 26 
*RES 3: Thb33.48 - Daily Bear channel top 
*RES 2: Thb33.41 - High July 27 
*RES 1: Thb33.14 - 21-DMA
*PRICE: Thb33.09 @ 2300GMT
*SUP 1: Thb33.01 - 2017 Low Sept 7 & 8 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.52 - Low Apr 27 2015 
*SUP 4: Thb32.48 - Daily Bear channel base
*COMMENTARY: Hesitation ahead of May 2015 monthly lows continues with the 21-DMA
capping. Bulls need a close above the 21-DMA to confirm an easing of bearish
pressure. Bulls then need a close above Thb33.53 to confirm breaks of the 55-DMA
(Thb33.33) and bear channel top with immediate focus shifting to Thb33.70-88.
Bears still need a close below Thb32.98 to retain focus on Thb32.49-52 where a
channel base it noted.

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