FX Forecasts for FRIDAY - JULY 27th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jul 27, 2007 6:23 AM
Subject: My FX Forecasts for FRIDAY - JULY 27th
To: TRL <max.mckegg@trl.co.nz>

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My FX Forecasts for FRIDAY - JULY 27th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JULY 26th,1.3725 - Euro's rallied well & Support is now around 1.3500 to
yield resumption of Uptrend above Key 1.3850 Resistance to target 1.4550
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* July 27th, 1.3745
Support /3725/3705/3690/ The Euro's recovery is seen as corrective
** *** RESISTANCES *** ** and Resistance at 1.3770/1.3800 contains,
Resistance /3770/3800/3850/ to yield sell-off toward the 1.3600 level
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. ** ASIAN UPDATE ** July 27th, 1.3745
Resistance at 1.3770/1.3800 for sell-off below 1.3725/3690 toward 1.3600
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 23rd,121.70 - Dollar's advance has faltered & Resistance now around
122.00,122.60 max.to yield sell-off back toward the 118.00 Support level
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 27th, 118.15
Support /1820/1800/1765/ Dollar's sell-off finds Support about the
** *** RESISTANCES *** ** 118.00 level, 117.65/117.50 max. to yield
Resistance /1855/1885/1900/ imminent exhaustion/rally back twd 119.00
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. ** ASIAN UPDATE ** July 27th, 118.35
Buying Dollar (Stop under 118.00) for rally back toward the 119.00 level
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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 twd 2.1000,then 2.1600 over coming weeks.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* July 27th, 2.0490
Support /0450/0430/0400/ Sterlings corection persists & resistance
** *** RESISTANCES *** ** at 2.0520/2.0535 now contains to extend
Resistance /0500/0520/0535/ corrective sell-off toward the 2.0340 lvl
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. ** ASIAN UPDATE ** July 27th, 2.0475
Resistance at 2.0520/2.0535 for sell-off below 2.0430/50 - toward 2.0340
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JULY 26th,1.2130 - Dollars undergoing corrective recovery twd Resistance
around the mid 1.2200's before next attempt at Key 1.2000/1.1960 Support
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* July 27th, 1.2030
Support /2020/1990/1960/ After yesterday's strong sell-off looking
** *** RESISTANCES *** ** for imminent exhaustion to yield recovery
Resistance /2055/2080/2100/ back toward Key Resistance at 1.2100/2120
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. ** ASIAN UPDATE ** July 27th, 1.2030
Looking for imminet Reversal to yield rally back toward the 1.2100 level
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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 & .9300 over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* July 27th, .8670
Support /8700/8685/8665/ Ozzys corrective sell-off mature & Suport
** *** RESISTANCES *** ** around the mid .8600's to yield imminent
Resistance /8740/8760/8795/ RVSL for rally back to 8760,enroute 8800+
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. ** ASIAN UPDATE ** July 27th, .8710
Buying Ozzy (Stop under .8665) for rally back toward 8760 enroute .8800+
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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 27th, .7800
Support /7800/7780/7720/ Kiwis corrective sell-off mature & Suport
** *** RESISTANCES *** ** around the .7780 level to yield imminent
Resistance /7845/7860/7890/ RVSL for rally back to 7860,enroute 7900+
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. ** ASIAN UPDATE ** July 27th, .7820
Buying Kiwi (Stop under .7780) for rally back toward 7860,enroute .7900+
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Disclaimer: Max McKegg & Technical Research Ltd accept no liability
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.