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Close Above Php31.72 to............>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Close Above Php31.72 to Initially Target Thb32.06-39
*RES 4: Thb32.25 - 55-DMA 
*RES 3: Thb32.06 - Low Jan 10 now resistance 
*RES 2: Thb31.72 - 2014 Low July 22 now resistance 
*RES 1: Thb31.68 - 21-DMA
*PRICE: Thb31.65 @ 2300GMT
*SUP 1: Thb31.39 - Low Feb 7 
*SUP 2: Thb31.27 - 2018 Low Jan 25 
*SUP 3: Thb31.16 - Low Nov 6 2013 
*SUP 4: Thb30.86 - Daily Bear channel base
*COMMENTARY: Recent 2018 & 4+yr lows lacked follow through courtesy of the
Bollinger band base which is a concern as are correcting O/S studies. Bulls
still need a close above Thb31.72 to confirm a break of the 21-DMA and ease
bearish pressure with immediate focus shifting to Thb32.06-39 where the 55-DMA
is located. Bears now need a close below Thb31.39 to ease pressure on resistance
layers and maintain focus on Thb30.80.

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