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AUSSIE-YEN TECHS: 4 Month Channel Base Gives Way.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: 4 Month Channel Base Gives Way
*RES 4: Y87.46 Initial low Nov 9, now resistance
*RES 3: Y87.26 Nov 10 high
*RES 2: Y87.09 Nov 13 high
*RES 1: Y86.95 Hourly resistance 
*PRICE: Y86.62 @ 2046GMT
*SUP 1: Y86.51 Nov 13 low
*SUP 2: Y86.39 1% volatility band
*SUP 3: Y85.88 50% Fibo of Y81.49-Y90.28
*SUP 4: Y85.71 Aug 28 low
*COMMENTARY: Failure to move back above Y87.15 has seen renewed downside
pressure, a low of Y86.51 so far, as we move below the previous Y86.59-Y86.56
support. Below Y86.51 and not much ahead of the lower 1% volatility band at
Y86.39. In the interim, nearest resistance falls to Y86.95 but back above
Monday's Y87.09 high is currently required to ease immediate pressure. Below
Y86.39 and the 50% Fibo retrace at Y85.88 is the next attraction.

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