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AUSSIE-YEN TECHS: Bears Need Close Below 55-DMA......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bears Need Close Below 55-DMA
*RES 4: Y89.73 - Hourly support Sept 20 now resistance 
*RES 3: Y89.05 - Alternating hourly support/resistance 
*RES 2: Y88.90 - High Sept 27 
*RES 1: Y88.48 - Hourly resistance Sept 28
*PRICE: Y88.27 @ 2100GMT
*SUP 1: Y88.16 - Hourly support Sept 28
*SUP 2: Y87.99 - Low Sept 28
*SUP 3: Y87.74 - 55-DMA
*SUP 4: Y87.20 - Daily Bull channel base
*COMMENTARY: A bearish key day reversal following fresh 2017 highs was a concern
for bulls given daily studies looking to correct from O/B, the Bolli top
(Y89.89) limiting follow through and daily momentum divergence. Immediate focus
is on Y87.74-88.16 where the 55-DMA is located with below the 55-DMA to pressure
the bull channel base. Bulls still need a close above Y89.05 to gain breathing
room and above Y89.73 to return focus to Y90.31-91.90.

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