FX Forecasts for MONDAY - JULY 16th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jul 16, 2007 6:16 AM
Subject: My FX Forecasts for MONDAY - JULY 16th
To: TRL <max.mckegg@trl.co.nz>

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My FX Forecasts for MONDAY - JULY 16th

. ** 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 16th, 1.3780
Support /3760/3735/3700/ The Euro's Uptrend is developing well and
** *** RESISTANCES *** ** opportunity for corection back toward the
Resistance /3800/3815/3850/ 1.3700 level before next advance to 3900+
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. ** ASIAN UPDATE ** July 16th, 1.3775
Whilst 1.3800/15 caps,looking for corrective sell-off toward 3735 & 3700
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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 16th, 2.0340
Support /0315/0300/0265/ Sterling's Uptrend is developing well and
** *** RESISTANCES *** ** opportunity for correction toward 2.0265,
Resistance /0350/0365/0400/ 2.0200 max.before next advance to 2.0500+
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. ** ASIAN UPDATE ** July 16th, 2.0335
Whilst 2.0365 contains,looking for corective sell-off back toward 2.0265
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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 16th, 1.2025
Support /2005/1990/1950/ Dollar's downtrend is developing well and
** *** RESISTANCES *** ** opportunity for corective recovery toward
Resistance /2050/2065/2100/ 1.2100 before the next sell-off to 1.1890
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. ** ASIAN UPDATE ** July 16th, 1.2030
Whilst holding Support around 2000,look for corrective recovery twd 2100
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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 16th, 121.85
Support /2165/2150/2100/ Whilst Dollar's reaction holds support at
** *** RESISTANCES *** ** 121.65,121.50 max.yields another advance
Resistance /2215/2240/2260/ onto 122.60 enroute Key 123.65 Resistance
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. ** ASIAN UPDATE ** July 16th, 121.90
Buying Dollar (Stop under 121.50 initially) for rally back toward 122.60
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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 16th, .8700
Support /8675/8655/8640/ The Ozzy's Uptrend is developing well and
** *** RESISTANCES *** ** Support now lies around the mid 8600's to
Resistance /8710/8725/8760/ extend advance toward .8780,enroute .8840
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. ** ASIAN UPDATE ** July 16th, .8705
Ozzy now has Support about .8675,mid 8600's max.for next leg Up twd 8780
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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 16th, .7860
Support /7880/7855/7840/ The Kiwi's Uptrend is developing well and
** *** RESISTANCES *** ** Support now lies about .7820,.7800 max.to
Resistance /7900/7915/7950/ extend advance onto .7950,enroute .8000+.
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. ** ASIAN UPDATE ** July 16th, .7890
Kiwi now has Support around the mid .7800's for next leg Up toward .7950
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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.