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AUSSIE-YEN TECHS: Above 100-DMA Targets 2017 High....>

AUSSIE-YEN TECHS: Above 100-DMA Targets 2017 High
*RES 4: Y87.72 - Alternating hourly support/resistance 
*RES 3: Y87.04 - 100-DMA 
*RES 2: Y86.69 - Daily Bear channel top 
*RES 1: Y86.61 - 55-DMA
*PRICE: Y86.58 @ 2030GMT
*SUP 1: Y86.28 - Hourly support Dec 19
*SUP 2: Y85.85 - 200-DMA
*SUP 3: Y85.64 - Low Dec 13
*SUP 4: Y85.52 - Hourly resistance Dec 12 now support
*COMMENTARY: Pressure is firmly on layers of resistance Y86.61-87.04 where the
bear channel top, 55 & 100-DMAs are situated. Bulls look for a close above the
100-DMA to shift focus to Y87.72-89.06. The Bollinger top (Y86.51) remains the
key concern for bulls. Initial support is noted at Y86.28 but bears now look for
a close below the 200-DMA to confirm an easing of bullish pressure and return
focus to Y84.33-65.

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