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Overall Focus On Bear Channel......>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Overall Focus On Bear Channel Base
*RES 4: Thb33.07 - High Nov 15 
*RES 3: Thb32.97 - 21-DMA 
*RES 2: Thb32.92 - High Nov 17 
*RES 1: Thb32.77 - High Nov 22
*PRICE: Thb32.61 @ 2300GMT
*SUP 1: Thb33.58 - 2017 Low Nov 22 
*SUP 2: Thb33.57 - Bollinger band base 
*SUP 3: Thb32.52 - Low Apr 27 2015 
*SUP 4: Thb32.08 - Daily Bear channel base
*COMMENTARY: Recent repeated fresh 2017 lows reconfirmed a bearish bias with
bears also reconfirming overall focus on tests of the bear channel base. O/S
daily studies and the Bollinger bases remain key concerns for bears. Bulls need
a close above Thb32.77 to ease immediate bearish pressure and hint at a
correction back to Thb32.92-33.11 where 21 & 55-DMAs and the bear channel top
are located.

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