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AUSSIE-YEN TECHS: O/S Daily Studies Looking To.......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: O/S Daily Studies Looking To Correct
*RES 4: Y86.58 - High Nov 15 
*RES 3: Y86.12 - Hourly resistance Nov 15 
*RES 2: Y85.98 - 200-DMA 
*RES 1: Y85.45 - Hourly support Nov 17 now resistance
*PRICE: Y85.25 @ 2030GMT
*SUP 1: Y84.48 - Low Nov 20
*SUP 2: Y83.72 - Low June 22
*SUP 3: Y83.18 - 100-WMA
*SUP 4: Y82.92 - Low June 15
*COMMENTARY: Losses defined last week with the pair distancing itself from the
200-DMA and immediate focus having shifted to the 100-WMA. Bears continue to
look for a close below the 100-WMA to target 2017 lows (Y81.49). O/S daily
studies and the Bollinger base (Y85.04) remain key concerns for bears and hint
the move is a little overdone. In saying that, bulls need a close above the
200-DMA to ease bearish pressure.

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