FX Forecasts for THURSDAY - JUNE 28th

From: Max McKegg - Technical Research Limited
Date: Jun 28, 2007 6:08 AM
Subject: My FX Forecasts for THURSDAY - JUNE 28th
To: TRL

My FX Forecasts for THURSDAY - JUNE 28th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JUNE 8th,1.3425 - Euro's complex correction persists.Until Key 1.3500/55
resistance cleared,looking for further weakness toward the low 1.3000's.
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* June 28th, 1.3455
Support /3435/3420/3400/ Euro sold-off well yesterday & Resistance
** *** RESISTANCES *** ** now at 1.3465/1.3480.Whilst this contains
Resistance /3465/3480/3540/ yields corrective sell-off toward 1.3375.
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. ** ASIAN UPDATE ** June 28th, 1.3455
Selling Dolar about 1.3360 (Stop above 1.3480) for sell-off toward 3375.
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JUNE 8th,1.2245 - Whilst now holding Support at 1.2200,2150 max.looking
for corrective recovery toward 1.2650/1.2700,enroute to the 1.3100 level
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* June 28th, 1.2290
Support /2275/2260/2200/ Having sold-off toward Support around the
** *** RESISTANCES *** ** mid 2200s,looking for imminent RVSL/rally
Resistance /2310/2350/2365/ back toward Key 1.2350/1.2365 Resistance.
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. ** ASIAN UPDATE ** June 28th, 1.2290
Buying Dollar (Stop under 1.2260) for rally above 2310 to target 2350/65
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JUNE 6th,121.35 - Dollar has rallied well & Support now at 120.90/120.40
for the resumption of Uptrend beyond Key 122.20 Resistance toward 127.50
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* June 28th, 122.80
Support /2300/2295/2265/ Dollars corrected to 122.40/122.20 target
** *** RESISTANCES *** ** & support now 122.65/2250 for rally back
Resistance /2310/2350/2395/ toward Resistance around the mid 123.00's
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. ** ASIAN UPDATE ** June 28th, 123.10
Support now at 1.23.00/122.85 to extend recovery toward the mid 123.00's
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
JUNE 8th,1.9780 - Sterlings complex correction persists & Resistance now
found at 1.9900-1.9970,to risk sell-off back toward the Key 1.9600 level
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* June 28th, 1.9990
Support /9975/9960/9930/ Yesterday's corrective sell-off less than
** *** RESISTANCES *** ** expected.Support now around 9960 to yield
Resistance /0015/0050/0130/ a resumption of Uptrend toward Key 2.0130
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. ** ASIAN UPDATE ** June 28th, 1.9990
Support around 1.9960,for rally beyond 2.0015 onto 2.0050,enroute 2.0130
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JUNE 11th,.8440 - Ozzy's rallied nicely but cautions imminent exhaustion
around .8500 to yield a corrective sell-off back toward the .8200 level.
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* June 28th, .8385
Support /8380/8370/8355/ Ozzy sold-off well yesterday and now look
** *** RESISTANCES *** ** for recovery toward Resistance about 8420
Resistance /8400/8420/8450/ .8450 max. before risk again turns Down.
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. ** ASIAN UPDATE ** June 28th, .8395
Support is now at .8380/.8370 to extend recovery toward the .8420 level.
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JUNE 11th,.7620 - Kiwi has rallied nicely but cautions imminent Reversal
yielding corrective sell-off back toward Support around the mid .7200's.
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* June 28th, .7605
Support /7620/7600/7575/ Kiwi sold-off as expected yesterday & now
** *** RESISTANCES *** ** looking for recovery to Resistance around
Resistance /7650/7665/7690/ mid .7600's.Ony beyond 7665/7690 sustains
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. ** ASIAN UPDATE ** June 28th, .7635
Kiwi recoverying strongly but Resistance at .7650/7665 probably contains
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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.