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Immediate Focus On Thb32.98 *RES...>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Immediate Focus On Thb32.98
*RES 4: Thb33.59 - 55-DMA 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.41 - High July 27 
*RES 1: Thb33.25 - 21-DMA
*PRICE: Thb33.18 @ 2300GMT
*SUP 1: Thb33.13 - Low May 5 2015 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.72 - Daily Bear channel base 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: Consolidation above the 21-DMA came to an end following the
inability of bulls to take out the Thb33.41 resistance. The sell-off has
resulted in fresh 2017 and 27mth lows as bears focus on the Thb32.98 May 2015
monthly low. Bulls now need a close above the 21-DMA to gain breathing room and
above Thb33.41 to shift immediate focus to Thb33.53-59 where the 55-DMA is
situated. The Bollinger base (Thb33.17) is the key concern for bears.

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