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

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Immediate Focus On Thb32.98
*RES 4: Thb33.58 - 55-DMA 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.41 - High July 27 
*RES 1: Thb33.24 - 21-DMA
*PRICE: Thb33.18 @ 2300GMT
*SUP 1: Thb33.11 - 2017 Low Aug 29 
*SUP 2: Thb32.98 - Monthly Low May 1 2015 
*SUP 3: Thb32.69 - 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 Thb33.41. 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 Thb33.53-58 where the 55-DMA is situated. The Bollinger base
(Thb33.16) is the key concern for bears.

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