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AUSSIE-YEN TECHS: Y85.45-Y85.26 Becomes Key..........>

AUSSIE-YEN TECHS: Y85.45-Y85.26 Becomes Key Support Area
*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: Y85.95/00 Hourly resistance
*PRICE: Y85.64 @ 2110GMT
*SUP 1: Y85.45 Aug 11 low 
*SUP 2: Y85.26 2% volatility band
*SUP 3: Y85.09 Jun 20 high, now support
*SUP 4: Y84.85 61.8% Fibo of Y81.49-Y90.31
*COMMENTARY: The decline has continued, following the break below the 4 month
bull channel base on Monday. A low of Y85.50 on Wednesday, as we near the Aug 11
low at Y85.45. This and the lower 2% volatility band at Y85.26, now become key
levels. The downside has only traded briefly below this band, once this year, on
May 18. Resistance from Y85.95-Y86.00, above would allow some near term respite.

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