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AUSSIE-YEN TECHS: Finding Support Below 21-DMA.......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Finding Support Below 21-DMA
*RES 4: Y88.81 - High July 28 
*RES 3: Y88.02 - High Aug 7 
*RES 2: Y87.76 - Bollinger band top 
*RES 1: Y87.63 - Hourly support Sept 1 now resistance
*PRICE: Y87.40 @ 2100GMT
*SUP 1: Y87.19 - Hourly resistance Sept 6 now support
*SUP 2: Y86.54 - Low Sept 6
*SUP 3: Y86.12 - Hourly support Aug 29b
*SUP 4: Y85.68 - Low Aug 28
*COMMENTARY: Bears take comfort in support continuing to emerge on dips below
the 21-DMA (Y86.77). Bears now look for a close below Wednesday's low to confirm
a break of the 21-DMA and focus on the Y85.35-70 region where 100 & 200-DMAs are
situated. The Bollinger top remains the key concern for bulls with potential to
limit follow through. Bulls still need a close above Y88.02 to end bearish hopes
and shift focus to Y88.81-89.42 where 2017 highs are noted.

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