Free Trial

AUSSIE-YEN TECHS: Y86.54 Support Key This Week.......>

AUSSIE-YEN TECHS, AUSTRALIA VIEW
AUSSIE-YEN TECHS: Y86.54 Support Key This Week
*RES 4: Y88.37 - Low Oct 19 now resistance, Channel top 
*RES 3: Y88.09 - High Nov 2 
*RES 2: Y87.72 - Alternating hourly support/resistance 
*RES 1: Y87.27 - Hourly support Nov 7 now resistance
*PRICE: Y87.01 @ 2030GMT
*SUP 1: Y86.93 - Low Nov 1
*SUP 2: Y86.54 - Low Sept 26
*SUP 3: Y86.02 - Daily Bear channel base
*SUP 4: Y85.99 - 200-DMA
*COMMENTARY: The recovery from last week's low faltered Friday, failing to
trouble the bear channel and looking heavy closing back below the 100-DMA
(Y87.46). Focus has returned to the Y85.45-86.54 support region where the
200-DMA (Y85.99) and channel base are noted. Bulls continue to look for a close
above the bear channel top to shift initial focus to Y89.06 and overall focus to
2017 highs. Modestly O/S studies are the key concern for bears.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.