AUSSIE-YEN TECHS: Key Y85.45 Support Survives........>

AUSSIE-YEN TECHS: Key Y85.45 Support Survives Another Day

*RES 4: Y86.84 Nov 14 high

*RES 3: Y86.46 Nov 13 low, now resistance

*RES 2: Y86.31 Nov 14 low, now resistance

*RES 1: Y86.03 Nov 16 high

*PRICE: Y85.79 @ 2114GMT

*SUP 1: Y85.45/49 Aug 11, Nov 16 lows 

*SUP 2: Y85.05/09 2% volatility band, Jun 20 high

*SUP 3: Y84.85 61.8% Fibo of Y81.49-Y90.31

*SUP 4: Y84.53/54 May 16, May 2 highs, now support

*COMMENTARY: The decline has plateaued, following the break below the 4 month

bull channel base on Monday. Have seen subsequent lows of Y85.50 and Y85.49

since, keeping the key Aug 11 low at Y85.45 safe, for the while. This and the

lower 2% volatility band at Y85.05, now become important. The downside has only

traded below this band, once this year, on May 18. Resistance from Y86.03, above

and look to a Y86.31-Y86.84 rise, the latter would retest the channel break.