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Hesitating Ahead Of 200-DMA *RES...>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Hesitating Ahead Of 200-DMA
*RES 4: Thb32.58 - 2018 High Jan 2 
*RES 3: Thb32.39 - Low Jan 2 now support 
*RES 2: Thb32.28 - 200-DMA 
*RES 1: Thb32.23 - High May 18
*PRICE: Thb32.06 @ 2300GMT
*SUP 1: Thb31.94 - Low May 17 
*SUP 2: Thb31.82 - 21-DMA 
*SUP 3: Thb31.75 - Low May 14 
*SUP 4: Thb31.58 - Low May 3
*COMMENTARY: Support emerging on dips has provided the impetus for a bounce back
towards layers of resistance Thb32.23-39 where the 200-DMA is located. Bulls
still need a close above Thb32.39 to confirm a break of the 200-DMA and
initially target the 55-WMA (Thb32.66). Layers of support remain with bears
needing a close below Thb31.94 to ease bullish pressure and below the Thb31.75
to shift focus back to Thb31.32-58.

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