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AUSSIE-YEN TECHS: 55-DMA Supporting For Now *RES.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: 55-DMA Supporting For Now
*RES 4: Y84.51 - High Feb 21 
*RES 3: Y84.04 - High May 23 
*RES 2: Y83.88 - Hourly support May 23 now resistance 
*RES 1: Y83.54 - Hourly resistance May 23
*PRICE: Y83.21 @ 2130GMT
*SUP 1: Y82.81 - Hourly support May 23
*SUP 2: Y82.52 - 55-DMA
*SUP 3: Y82.18 - Low May 16
*SUP 4: Y82.00 - High May 9 now support
*COMMENTARY: The lack of follow through above the 100-DMA left the pair looking
heavy Wednesday and bears capitalised with a sell-off that has so far found
support at the 55-DMA. Correcting O/B studies are a concern for bulls. Bulls now
need a close above Y83.54 to gain breathing room and above Y84.51 to add support
to the case for a test of 200-DMA & WMAs. The Y82.00 support is key this week.
Bears need a close below to target 2018 lows.

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