FX Forecasts for MONDAY - JULY 2nd

From: Max McKegg - Technical Research Limited
Date: Jul 2, 2007 12:04 PM
Subject: My LATEST FX Forecasts for JULY 2nd
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for MONDAY - JULY 2nd

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JUNE 29th,1.3445 - Euro has resumed Uptrend & Support now at 1.3430/3400
looking for advance to the 1.3800/3850 Resistance area over coming weeks
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* July 2nd, 1.3540
Support /3525/3500/3485/ The Euro has rallied nicely & Support now
** *** RESISTANCES *** ** around the 1.3500 level for resumption of
Resistance /3550/3565/3600/ Uptrend to next targets of 1.3600 & 3680.
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. ** EUROPEAN UPDATE ** July 2nd, 1.3535
Looking to Buy today around 1.3500,Stop under 1.3470,for rally twd 3600.
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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 twd the 2.0550 level over coming weeks
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* July 2nd, 2.0080
Support /0080/0050/0020/ Sterling has rallied nicely & support now
** *** RESISTANCES *** ** around the mid 2.0000's for a resumption
Resistance /0100/0130/0180/ of Uptrend onto 2.0130 enroute to 2.0200+
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. ** EUROPEAN UPDATE ** July 2nd, 2.0090
Looking to Buy around 2.0050 (Stop under 2.0000) for rally toward 2.0200
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JUNE 29th,1.2315 - Dollar now has Key Resistance at 1.2340 & whilst this
contains yields sell-off toward 1.1950/1.1900 Support over coming weeks.
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* July 2nd, 1.2215
Support /2200/2150/2120/ The Dollar sold-off nicely on Friday and
** *** RESISTANCES *** ** Resistance is now about 1.2260/1.2275 for
Resistance /2260/2275/2300/ resumption of sell-off twd low/mid 2100's
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. ** EUROPEAN UPDATE ** July 2nd, 1.2220
Looking to Sell today around 2260,Stop above 2300,for decline twd 1.2150
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JUNE 29th,123.20 - Dollar has rallied as expected and whilst now holding
122.60/122.30,Uptrend extends toward Resistances at 125.50 & Key 127.50 .
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 2nd, 123.05
Support /2280/2260/2230/ Whilst the Dollar finds support about the
** *** RESISTANCES *** ** 122.80/2260 area today,yields rally above
Resistance /2320/2330/2355/ 123.30/123.55 Resistance to target 124.15
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. ** EUROPEAN UPDATE ** July 2nd, 123.00
Looking to Buy at 122.80/122.65 (stop under 122.40) for rally twd 124.15
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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 onto Resistance around mid .8700's over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* July 2nd, .8515
Support /8500/8475/8440/ Ozzy has again rallied nicely and support
** *** RESISTANCES *** ** now around the .8480 level for resumption
Resistance /8535/8565/8600/ of Uptrend toward .8565,enroute to .8600+
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. ** EUROPEAN UPDATE ** July 2nd, .8515
Looking to Buy Ozzy about .8480 today,Stop under 8450,for rally twd 8565
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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 .7950/.8000 Resistance area over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* July 2nd, .7735
Support /7730/7715/7690/ Kiwi has again rallied nicely and support
** *** RESISTANCES *** ** now around the .7715 level for resumption
Resistance /7760/7800/7825/ of Uptrend toward .7800+ over coming days
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. ** EUROPEAN UPDATE ** July 2nd, .7745
Looking to Buy Kiwi around 7715 today,Stop under 7690,for rally twd 7800
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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.