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Free AccessAUSSIE-YEN TECHS: Bulls Need Close Above 200-DMA.....>
AUSSIE-YEN TECHS: Bulls Need Close Above 200-DMA
*RES 4: Y87.22 - 55-DMA
*RES 3: Y86.58 - High Nov 15
*RES 2: Y86.12 - Hourly resistance Nov 15
*RES 1: Y85.89 - 200-DMA
*PRICE: Y85.57 @ 2030GMT
*SUP 1: Y85.47 - Hourly resistance Dec 1 now support
*SUP 2: Y84.94 - Low Dec 1
*SUP 3: Y84.65 - Low Nov 30
*SUP 4: Y84.33 - Low Nov 27
*COMMENTARY: O/S daily studies appear to be impacting with the pair finding
support on dips last week and focus on the close above the 200-DMA needed to
confirm an easing of bearish pressure. Overall a close above Y86.58 is needed to
confirm a return in focus to Y87.22-67 where 55 & 100-DMAs and the bear channel
top are situated. The Y84.94 support is key today. Bears need a close below to
ease pressure on the 200-DMA and retain initial focus on Y84.33.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.