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AUSSIE-YEN TECHS: Bulls Now Need Close Above.........>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Bulls Now Need Close Above Y87.46
*RES 4: Y87.97 - 21-DMA 
*RES 3: Y87.79 - 55-DMA 
*RES 2: Y87.46 - High Oct 27 
*RES 1: Y87.29 - 100-DMA
*PRICE: Y87.05 @ 2030GMT
*SUP 1: Y86.95 - Hourly resistance Oct 31 now support
*SUP 2: Y86.54 - Low Sept 26
*SUP 3: Y86.30 - Daily Bear channel base
*SUP 4: Y85.96 - 200-DMA
*COMMENTARY: Downside follow through was lacing on fresh 7 week lows for the
pair Tuesday with the Bollinger base (Y86.80) remaining a concern. Layers of
resistance remain with bulls needing a close above Y87.46 to ease bearish
pressure and above the 21-DMA to shift focus back to Y88..40-89.06 where the
daily bear channel top off Sept highs is noted. Bears remain focused on
Y85.45-86.60 while Y87.46 caps.

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