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AUSSIE-YEN TECHS: Bears Need Close Below Bull........>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bears Need Close Below Bull Channel Base
*RES 4: Y88.90 - High Sept 27 
*RES 3: Y88.74 - High Oct 5 
*RES 2: Y88.38 - Hourly resistance Oct 5a 
*RES 1: Y88.03 - Hourly resistance Oct 5
*PRICE: Y87.87 @ 2000GMT
*SUP 1: Y87.72 - 55-DMA
*SUP 2: Y87.53 - Daily Bull channel base
*SUP 3: Y86.54 - Low Sept 6
*SUP 4: Y86.39 - 100-DMA
*COMMENTARY: Failure to trouble Y88.90-89.05 resulted in a sell-off and pressure
firmly back on the 55-DMA and daily bull channel base. Bears need a close below
the daily bull channel base to shift focus to Y85.45-86.56 where 100 & 200-DMAs
are noted. Daily studies approaching O/S are concerns for bears. In saying that,
bulls need a close above Y88.38 to gain breathing room and above Y89.05 to shift
focus back to Y89.73-90.31.

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