FX Forecasts for FRIDAY - JULY 20th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jul 20, 2007 6:33 AM
Subject: My FX Forecasts for FRIDAY - JULY 20th
To: TRL <max.mckegg@trl.co.nz>

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My FX Forecasts for FRIDAY - JULY 20th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,1.3780 - Euro's rallied nicely & Support now about 1.3700/3660
to extend Uptrend toward my next Target of 1.4550/4600 over coming weeks
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* July 20th, 1.3800
Support /3780/3755/3700/ Euros upside momentum has stalled & until
** *** RESISTANCES *** ** Resistance about 1.3830 cleared,cautions
Resistance /3815/3830/3860/ corective reaction to 1.3760 & 1.3700 max
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. ** ASIAN UPDATE ** July 20th, 1.3800
Resistance at 1.3815/1.3830 to yield corective sell-off back toward 3760
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 3rd,122.25 - The Dollar's reaction is seen as corrective and whilst
now finding Support about the 121.00 level,Uptrend extends toward 125.50
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 20th, 122.10
Support /2200/2185/2160/ Dollar's complex consolidation persists &
** *** RESISTANCES *** ** whilst now holding 121.80/2155 argues for
Resistance /2230/2260/2300/ rally back to 122.60 enroute low 123.00's
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. ** ASIAN UPDATE ** July 20th, 122.10
Buying Dollar (Stop under 121.60) for rally toward 122.60,enroute 123.15
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JULY 16th,1.2025 - The Dollar has sold-off well and Resistance is now at
1.2100/1.2150 to extend Downtrend twd the 1.1400 level over coming weeks
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* July 20th, 1.2040
Support /2015/1990/1965/ The Dollar's corrective recovery persists
** *** RESISTANCES *** ** & until 1.2015/1.1990 broken,yields rally
Resistance /2065/2100/2130/ toward Resistances at 1.2100, 1.2130 max.
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. ** ASIAN UPDATE ** July 20th, 1.2040
Support now at 1.2025/1.2010 to extend recovery onto 1.2065,enroute 2100
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,2.0340 - Sterling's rallied nicely & Support is now around the
2.0200 level extending Uptrend onto 2.1000 and 2.1500 over coming weeks.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* July 20th, 2.0490
Support /0465/0440/0400/ Sterling now has Resistance around 2.0515
** *** RESISTANCES *** ** 2.0550 max. Until this resistance cleared
Resistance /0500/0515/0550/ cautions a corrective sell-off twd 2.0400
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. ** ASIAN UPDATE ** July 20th, 2.0490
Sterling risks corrective sell-of back to 2.0465/2.0440 - enroute 2.0400
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,.8700 - Ozzy's rallied nicely & support now around mid .8600's
extending Uptrend toward next targets of .9000 & .9250 over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* July 20th, .8805
Support /8785/8765/8720/ Ozzy has rallied nicely but waning upside
** *** RESISTANCES *** ** momentum cautions risk of correction back
Resistance /8820/8835/8850/ toward Support around mid 8700's,8715 max
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. ** ASIAN UPDATE ** July 20th, .8805
Loss of near Support at .8785 would trigger correction to the mid 8700's
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,.7860 - Kiwi's rallied nicely & Support now around .7800 level
to extend Uptrend toward next targets of .8150 & .8400 over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* July 20th, .7935
Support /7925/7910/7885/ The Kiwi's Uptrend is developing well But
** *** RESISTANCES *** ** cautions risk of corrective reaction back
Resistance /7945/7960/7975/ toward Support around the .7885 level.
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. ** ASIAN UPDATE ** July 20th, .7935
Loss of near Support at .7920/7910 would trigger correction back to 7885
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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.