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AUSSIE-YEN TECHS: Rejected Above 200-DMA, Y85.34.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Rejected Above 200-DMA, Y85.34 Support Key Today
*RES 4: Y87.25 - Daily Bear channel top 
*RES 3: Y87.15 - 55-DMA 
*RES 2: Y86.58 - High Nov 15 
*RES 1: Y86.19 - High Dec 5
*PRICE: Y85.65 @ 2030GMT
*SUP 1: Y85.34 - Low Dec 4
*SUP 2: Y84.94 - Low Dec 1
*SUP 3: Y84.65 - Low Nov 30
*SUP 4: Y84.33 - Low Nov 27
*COMMENTARY: The recovery from recent 5mth lows continues to struggle around the
200-DMA with follow through lacking on pops above. The Y85.34 support is key
today with bears needing a close below to ease bullish pressure and below Y84.94
to shift focus back to Y83.72-84.33 where the Nov lows and bear channel base are
situated. Bulls continue to look for a close above Y86.58 to confirm focus on
Y87.15-25 where key DMAs and bear channel top are located.

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