FX Forecasts for THURSDAY - JULY 5th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jul 5, 2007 12:36 PM
Subject: My LATEST FX Forecasts for JULY 5th
To: TRL <max.mckegg@trl.co.nz>

PLEASE NOTE:

I am taking my Family on our Annual Winter Vacation, July 6 - 14th and
therefore my Daily FX Forecasts will resume on Monday, July 16th.


To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for THURSDAY - JULY 5th

. ** 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 5th, 1.3615
Support /3600/3585/3570/ The Euro's Uptrend is developing well and
** *** RESISTANCES *** ** support is now about 1.3600/3570 for the
Resistance /3640/3675/3700/ resumption of advance onto the 1.3700 lvl
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. ** EUROPEAN UPDATE ** July 5th, 1.3615
Buying around 3600,Stop under 3570,for next rally above 3640 toward 3700
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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 2.0500 level over coming weeks
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* July 5th, 2.0165
Support /0135/0120/0090/ Sterling's Uptrend is developing well and
** *** RESISTANCES *** ** support now around 2.0130 for resumption
Resistance /0185/0205/0260/ of advance onto my next target at 2.0300.
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. ** EUROPEAN UPDATE ** July 5th, 2.0160
Buying about 2.0135 (Stop under 2.0100) for next advance toward 2.0300.
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 3rd,122.25 - The Dollars reaction is seen as corrective and Support
now around the mid 121.00's for the resumption of Uptrend toward 125.50.
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 5th, 122.65
Support /2260/2240/2210/ Dollar is recovering toward Resistance at
** *** RESISTANCES *** ** 122.70- 123.00,then risks another leg of
Resistance /2300/2315/2355/ corective sell-off toward the mid 121.00s
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. ** EUROPEAN UPDATE ** July 5th, 122.75
Selling Dollar around 123.00 (Stop above 123.20) for sell-off to 122.10.
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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 5th, 1.2170
Support /2150/2125/2090/ Dollar now has Resistance at 1.2185/2200,
** *** RESISTANCES *** ** 1.2225 max.to yield resumption of decline
Resistance /2185/2200/2225/ toward 2.0090,enroute to the 1.2000 level
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. ** EUROPEAN UPDATE ** July 5th, 1.2170
Selling 1.2185/1.2200 (Stop above 1.2225) for the next decline to 1.2090
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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 5th, .8575
Support /8565/8550/8540/ Ozzy's recovered well & Support is now at
** *** RESISTANCES *** ** .8565/.8550 for the resumption of Uptrend
Resistance /8585/8600/8630/ above 8600 Resistance onto the mid 8600's
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. ** EUROPEAN UPDATE ** July 5th, .8575
Staying Bullish,Stop under 8540,for rally above 8600 onto the mid 8600's
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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 5th, .7810
Support /7805/7790/7760/ The Kiwi's Uptrend is developing well and
** *** RESISTANCES *** ** support is now around the .7800 level for
Resistance /7840/7875/7900/ resumption of Uptrend toward .7900 target
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. ** EUROPEAN UPDATE ** July 5th, .7815
Staying Bullish (Stop under 7780) for rally above 7840 toward 7900 level
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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.