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Thb31.75 Support Key This Week.....>

DOLLAR-THB TECHS
DOLLAR-THB TECHS: Thb31.75 Support Key This Week
*RES 4: Thb32.58 - 2018 High Jan 2 
*RES 3: Thb32.39 - Low Jan 2 now support 
*RES 2: Thb32.24 - 200-DMA 
*RES 1: Thb32.17 - High May 22
*PRICE: Thb31.98 @ 2300GMT
*SUP 1: Thb31.75 - Low May 14 
*SUP 2: Thb31.58 - Low May 3 
*SUP 3: Thb31.53 - 100-DMA 
*SUP 4: Thb31.52 - 55-DMA
*COMMENTARY: The 200-DMA confirmed significance having capped the recovery from
2018 lows. The correction lower sees the pair flirting with the 21-DMA
(Thb31.95). The Thb31.75 support is key this week. Bears need a close below this
level to confirm a return in focus to Thb31.32-58 where 55 & 100-DMAs are
located. Bulls continue to look for a close above Thb32.39 to confirm a break of
the 200-DMA and focus on the 55-WMA (Thb32.61).

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