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Closing Above 21-DMA *RES 4:.......>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Closing Above 21-DMA
*RES 4: Thb33.07 - High Nov 15 
*RES 3: Thb32.92 - High Nov 17 
*RES 2: Thb32.85 - Daily Bear channel top 
*RES 1: Thb32.77 - High Nov 22
*PRICE: Thb32.64 @ 2300GMT
*SUP 1: Thb33.43 - 2017 Low Dec 14 
*SUP 2: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015 
*SUP 3: Thb32.19 - Monthly Low Oct 21 2014 
*SUP 4: Thb31.88 - Daily Bear channel base
*COMMENTARY: Bulls take comfort in the bounce to start the new week that sees
the pair closing above the 21-DMA (Thb32.61). Layers of resistance remain
thb32.77-33.07 where the bear channel top, 55 & 100-DMAs are situated. Bulls
need a close above Thb33.07 to end bearish hopes and shift focus to Trhb33.35-70
where the 200-DMA (Thb33.64) is noted. While Thb32.77 caps bears remain focused
on the bear channel base.

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