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AUSSIE-YEN TECHS: Layers Of Resistance...............>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Layers Of Resistance Y85.68-87.19
*RES 4: Y86.58 - High Nov 15 
*RES 3: Y86.19 - High Dec 5 
*RES 2: Y85.86 - 200-DMA 
*RES 1: Y85.68 - High Dec 6
*PRICE: Y85.49 @ 2030GMT
*SUP 1: Y85.05 - Hourly resistance Dec 8 now support
*SUP 2: Y84.65 - Low Nov 30
*SUP 3: Y84.33 - Monthly Low Nov 27
*SUP 4: Y83.72 - Low June 22
*COMMENTARY: The bounce Monday is less than ideal for bears given the lack of
follow through and bounce from last week's low. Layers of resistance remain
Y85.68-87.19. Bulls need a close above Y86.19 to confirm a break of the 200-DMA,
easing bearish pressure and above the 100-DMA (Y87.19) to shift focus to
Y87.67-89.06. The Y85.05 support is now key with bears needing a close below to
reconfirm focus on Y83.60-84.65 where the bear channel base (Y83.60) is noted.

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