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Focus On Bear Channel Top *RES.....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Focus On Bear Channel Top
*RES 4: Thb33.63 - 100-DMA 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.41 - High July 27, Daily Bear channel top 
*RES 1: Thb33.35 - High Sept 27
*PRICE: Thb33.31 @ 2300GMT
*SUP 1: Thb33.25 - 55-DMA 
*SUP 2: Thb33.13 - 21-DMA 
*SUP 3: Thb33.01 - 2017 Low Sept 7 & 8 
*SUP 4: Thb32.98 - Monthly Low May 1 2015
*COMMENTARY: Hesitation ahead of May 2015 monthly lows defined September with
bulls taking comfort in closes above 21 & 55-DMAs and focus currently on
Php33.410 where the bear channel top is located. Bulls now look for a close
above this level to shift focus to Thb33.53-70 where the 100-DMA is located.
Layers of support are building with bears now needing a close below the 55-DMA
to ease pressure on the bear channel top.

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