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Free AccessThb33.07 Resistance Remains Key....>
DOLLAR-THB TECHS: Thb33.07 Resistance Remains Key
*RES 4: Thb33.35 - High Oct 27
*RES 3: Thb33.07 - High Nov 15
*RES 2: Thb33.02 - 100-DMA
*RES 1: Thb32.92 - High Nov 17
*PRICE: Thb32.79 @ 2300GMT
*SUP 1: Thb33.60 - Low Dec 19
*SUP 2: Thb33.43 - 2017 Low Dec 14
*SUP 3: Thb32.26 - 2015 Lows Feb 26 & Apr 17 & 20 2015
*SUP 4: Thb32.19 - Monthly Low Oct 21 2014
*COMMENTARY: Bullish confidence grows following spikes towards 55 & 100-DMAs
with bulls currently needing a close above Thb33.07 to end bearish hopes and
shift focus to Thb33.35-70 where the 200-DMA (Thb33.56) is situated. Bears
continue to look for a close below Thb33.60 to confirm a break of the 21-DMA
(Thb33.63) and ease renewed bullish pressure, returning initial focus to 2017
lows.
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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.