AUSSIE-YEN TECHS: Bulls Need Close Above Y88.03......>

AUSSIE-YEN TECHS: Bulls Need Close Above Y88.03

*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: Y87.83 @ 2000GMT

*SUP 1: Y87.66 - Hourly support Oct 12

*SUP 2: Y87.23 - Low Oct 10

*SUP 3: Y87.06 - Bollinger band base

*SUP 4: Y86.60 - 100-DMA

*COMMENTARY: The break of the daily bull channel base and closes below the

55-DMA have failed to break the Y87.23 support with bears needing a close below

to shift immediate focus to the 100-DMA and overall focus to Y85.45-82 where the

200-DMA is noted. The Y88.03 resistance remains key. Bulls need a close above

Y88.03 to shift focus back to Y88.74-90. Correcting O/S studies add to the case

for a correction but Y88.03 is key.