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AUSSIE-YEN TECHS: Supported Below 55-DMA *RES 4:.....>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Supported Below 55-DMA
*RES 4: Y87.24 - Hourly support Aug 9a now resistance 
*RES 3: Y87.10 - High Aug 10 
*RES 2: Y86.78 - Hourly resistance Aug 10a 
*RES 1: Y86.30 - Hourly resistance Aug 10
*PRICE: Y86.08 @ 2100GMT
*SUP 1: Y85.82 - 55-DMA
*SUP 2: Y85.46 - Low July 5
*SUP 3: Y85.02 - 200-DMA
*SUP 4: Y84.75 - 100-DMA
*COMMENTARY: The 21-DMA (Y87.96) capped last week and set the scene for losses.
The dip below the 55-DMA lacked follow through Friday which is less than ideal
for bears who are now focused on 100 & 200-DMAs and daily studies looking to
correct from O/S. Layers of resistance remain with bulls needing a close above
Y86.30 to gain breathing room and above Y87.24 to shift focus to Y87.96-88.03
where the 21-DMA is noted.

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