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CNH Lags, KRW & INR Outperform


Resistance At The 50-Day EMA Remains Intact


(M3) Bears Remain In The Driver’s Seat


Strong Bid Ahead Of RBA Decision Tomorrow

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AUSSIE-YEN TECHS: Bulls Need Close Above Y85.36......>

AUSSIE-YEN TECHS: Bulls Need Close Above Y85.36
*RES 4: Y86.19 - High Dec 5 
*RES 3: Y85.68 - High Dec 6 
*RES 2: Y85.36 - Hourly resistance Dec 6a 
*RES 1: Y85.19 - Hourly resistance Dec 6
*PRICE: Y84.91 @ 2030GMT
*SUP 1: Y84.65 - Low Nov 30
*SUP 2: Y84.33 - Monthly Low Nov 27
*SUP 3: Y83.72 - Low June 22
*SUP 4: Y83.71 - Daily Bear channel base
*COMMENTARY: The recovery from recent 5mth lows struggle around the 200-DMA with
follow through lacking on pops above. The close below Y85.34 Wednesday left the
pair looking heavy. Bears look for a close below Y84.33 to initially pressure
Y83.71-72 where the daily bears channel base is noted. Below the channel base is
needed to confirm focus on tests of Y81.46-76 where 2017 lows are noted. Bulls
still need a close above Y85.36 to ease bearish pressure.

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