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AUSSIE-YEN TECHS: Flirting With 100-DMA *RES 4:......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Flirting With 100-DMA
*RES 4: Y88.37 - Low Oct 19 now resistance 
*RES 3: Y87.98 - 21-DMA 
*RES 2: Y87.80 - 55-DMA 
*RES 1: Y87.46 - High Oct 27
*PRICE: Y87.18 @ 2030GMT
*SUP 1: Y87.03 - Low Oct 27
*SUP 2: Y86.54 - Low Sept 26
*SUP 3: Y86.54 - Low Sept 26, Bear channel base
*SUP 4: Y85.96 - 200-DMA
*COMMENTARY: Topside follow through was lacking last week resulting in closes
below 55 & 21-DMAs and bull channel base (Y88.04) that sees immediate focus now
on the 100-DMA. Bears now look for a close below Y87.03 to confirm a break of
the 100-DMA and confirm focus on Y85.96-86.54 where the channel base and 200-DMA
are noted. Bulls need a close above the 55-DMA to ease bearish pressure and
above Y88.37 to confirm a correction back to Y89.06.

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