Forex - Chart USD/THB Update: Bulls firmly in control


Published at 02:30 (GMT) 04 May

 

Chart USD/THB Update: Bulls firmly in control (KWCC8201)

04 May USD/THB Daily

01::52 GMT - Surge seen by the 3-advancing soldiers is putting bulls firmly in control but with current overbought posture seen on daily tools and Thailand away on holiday, bulls are set for a near-term breather within intraday consolidation. So long the 33.020 support is not violated, longs are favoured. [W.T]
R5: 33.47 6 Nov 2009 high
R4: 33.42 * 28 Dec 2009 high
R3: 33.38 29 Dec 2009 high
R2: 33.36 4 Jan 2010 high
R1: 33.25 * 19 Feb 2010 high

S1: 33.11 8 Dec high
S2: 33.02 1 May low
S3: 32.96 * 16 Mar high, break
S4: 32.77 30 Apr low
S5: 32.70 27 Apr high

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