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AUSSIE-YEN TECHS: 55-DMA Support Key *RES 4:.........>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: 55-DMA Support Key
*RES 4: Y85.43 - 200-DMA 
*RES 3: Y84.89 - High Feb 21 
*RES 2: Y84.51 - High Mar 13 
*RES 1: Y84.18 - High June 5
*PRICE: Y83.60 @ 2130GMT
*SUP 1: Y83.34 - Low June 5
*SUP 2: Y82.94 - High June 1 now support
*SUP 3: Y82.88 - 21-DMA
*SUP 4: Y82.51 - 55-DMA
*COMMENTARY: Bulls have so far failed to gain traction above the 100-DMA
(Y83.59) with the last failure to do so resulting in a 350pt sell-off. Bears now
look for a close below the 55-DMA to end bullish hopes and shift focus back to
Y80.51-81.04. Correcting modestly O/S studies add to bullish confidence with a
close above Y84.51 to add support to the case for a test of Y85.43-45 where the
200-DMA and 55-WMA are found.
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