FX Forecasts for FRIDAY - JUNE 29th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jun 29, 2007 12:09 PM
Subject: My LATEST FX Forecasts for JUNE 29th
To: TRL <max.mckegg@trl.co.nz>

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for FRIDAY - JUNE 29th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JUNE 29th,1.3445 - Euro has resumed Uptrend & Support now around 1.3400,
looking for advance toward Key 1.3800/3850 Resistance over coming weeks.
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* June 29th, 1.3445
Support /3425/3400/3375/ Euro's sell-off less than expected & with
** *** RESISTANCES *** ** support now about 1.3425,3400 max.looking
Resistance /3465/3480/3500/ for a resumption of Uptrend toward 1.3680
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. ** EUROPEAN UPDATE ** June 29th, 1.3440
Buying Euro (Stop under 1.3400) for rally toward Key 1.3480,enroute 3540
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
JUNE 29th,2.0020 - Sterling has resumed Uptrend & with Support now about
2.0000/1.9960 looking for advance toward 2.0550/2.0650 over coming weeks
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* June 29th, 2.0020
Support /0005/9990/9960/ Sterling has rallied as expected and with
** *** RESISTANCES *** ** support now around the 2.0000 lvl looking
Resistance /0045/0080/0100/ for a resumption of Uptrend onto 2.0130+
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. ** EUROPEAN UPDATE ** June 29th, 2.0020
Buying GBP (Stop under 1.9960) for rally onto 2.0080,enroute to 2.1030+
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JUNE 29th,123.20 - Dollar has rallied as expected and whilst now holding
122.60/122.25 Uptrend extends toward Resistances at 125.50 & Key 127.50 .
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* June 29th, 123.20
Support /2330/2315/2280/ Dollars recovered well.Support now around
** *** RESISTANCES *** ** 123.00,122.75 max.to extend the Dollar's
Resistance /2375/2395/2415/ rally toward Key 124.15 Resistance level.
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. ** EUROPEAN UPDATE ** June 29th, 123.45
Whilst now holding 123.30/123.15 advance extend toward 123.95 & Key 2415
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JUNE 29th,1.2315 - Dollar now has Key Resistance at 1.2340/1.2400.Unless
this cleared,yields sell-off to 1.2000/1.1950 Support over coming weeks.
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* June 29th, 1.2315
Support /2305/2275/2260/ The Dollar rallied well yesterday BUT not
** *** RESISTANCES *** ** convinced this will be sustained and loss
Resistance /2340/2365/2390/ of 2300 argues decline below 2260 to 2200
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. ** EUROPEAN UPDATE ** June 29th, 1.2325
Resistance around mid 1.2300s,with risk of sell-off below 1.2300 to 2260
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JUNE 29th,.8465 - Ozzy's resumed Uptrend & with Support now at 8430/8400
looking for advance toward Key .8710/.8765 Resistance over coming weeks.
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* June 29th, .8465
Support /8470/8450/8430/ Ozzy's recovery is impressive and support
** *** RESISTANCES *** ** now around the mid .8400's to extend this
Resistance /8510/8550/8565/ advance onto 8510 Resistance,enroute 8600
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. ** EUROPEAN UPDATE ** June 29th, .8480
Staying Bullish (Stop under .8450) for advance toward .8510 & then .8550
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JUNE 29th,.7695 - Kiwi's resumed Uptrend & with Support now at 7650/7625
looking for advance toward .7915/.7950 area Resistance over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* June 29th, .7695
Support /7680/7650/7625/ Kiwi's met 7690 target & with support now
** *** RESISTANCES *** ** around the 7680 level looking for advance
Resistance /7710/7750/7765/ to extend onto mid .7700's,enroute .7800.
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. ** EUROPEAN UPDATE ** June 29th, .7690
Buying Kiwi (Stop under .7670) for next advance toward the mid .7700's.
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for any loss or damage that may directly or indirectly result from
any advice, opinion, information or omission whether negligent or
otherwise, contained in this report.