Free Trial

Recovery Reliant On................>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Recovery Reliant On Thb33.07-Thb33.04 Hold
*RES 4: Thb33.40 Oct 9 high
*RES 3: Thb33.29 Oct 30 high
*RES 2: Thb33.24 Oct 31 high
*RES 1: Thb33.20 Nov 6 high
*PRICE: Thb33.07 @2310GMT   
*SUP 1: Thb33.07 Nov 2 low
*SUP 2: Thb33.04 Oct 13 low
*SUP 3: Thb32.89 76.4% Fibo of Thb31.73-Thb36.68
*SUP 4: Thb32.55 Apr 27 2015 low
*COMMENTARY* Has been finding support from above the longer term 76.4% Fibo
retrace level at Thb32.89. Lows of Thb33.04 and Thb33.07 over the last 2 months.
Nearest resistance of note now comes from the Nov 6 high at Thb33.200 and will
need to see gains back through here, before any confidence in a further
Thb33.24-Thb33.29 recovery will follow.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });