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AUSSIE-YEN TECHS: 21-DMA Remains Key Resistance......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: 21-DMA Remains Key Resistance
*RES 4: Y83.15 - High Apr 20 
*RES 3: Y82.58 - 21-DMA 
*RES 2: Y82.53 - High May 1 
*RES 1: Y81.67 - Low May 4 now resistance
*PRICE: Y81.30 @ 2130GMT
*SUP 1: Y80.77 - Low Mar 28
*SUP 2: Y80.51 - 2018 Low Mar 23
*SUP 3: Y80.24 - Low Nov 11 2016
*SUP 4: Y76.78 - Monthly Low Nov 9 2016
*COMMENTARY: Bears take comfort in Tuesday's break lower that adds weight to the
immediate case for a test of 2018 lows. Overall bears look for a close below
Y80.24 to shift immediate focus to Y76.78 Nov 2016 monthly lows. O/S daily
studies remain the key concern for bears. In saying that, bulls now need a close
above Y81.67 to gain breathing room and above the 21-DMA to shift focus back to
Y83.94-84.06.

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