FX Forecasts for TUESDAY - JULY 24th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jul 24, 2007 5:53 AM
Subject: My FX Forecasts for TUESDAY - JULY 24th
To: TRL <max.mckegg@trl.co.nz>

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My FX Forecasts for TUESDAY - JULY 24th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,1.3780 - Euro's rallied nicely & Support now about 1.3700/3660
to extend Uptrend onto my next Target of 1.4550/1.4600 over coming weeks
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* July 24th, 1.3805
Support /3800/3785/3750/ Whilst now holding the 1.3785 Support lvl
** *** RESISTANCES *** ** looking for resumption of Uptrend beyond
Resistance /3830/3845/3875/ 1.3830/1.3845 Resistance - toward 1.3900+
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. ** ASIAN UPDATE ** July 24th, 1.3805
Buying Euro,Stop under 1.3785,for rally back toward 3845 enroute 1.3900.
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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 2.1600 over coming weeks.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* July 24th, 2.0590
Support /0575/0560/0540/ Sterling's rallying nicely & with support
** *** RESISTANCES *** ** now around the 2.0570 level looking for
Resistance /0605/0650/0685/ Uptrend to extend toward the mid 2.0700's
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. ** ASIAN UPDATE ** July 24th, 2.0590
Buying Sterling (Stop under 2.0560) for rally onto 2.0650,enroute 2.0760
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JULY 16th,1.2025 - The Dollar has sold-off nicely and Resistance is now
around the 1.2100 level,extending Downtrend twd 1.1400 over coming weeks
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* July 24th, 1.2065
Support /2035/2020/1990/ Having corrected to the 1.2080 Resistance
** *** RESISTANCES *** ** level whilst this now contain looking for
Resistance /2080/2100/2130/ imminent RVSL/sell-off toward Key 1.1990.
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. ** ASIAN UPDATE ** July 24th, 1.2065
Selling Dollar (tight stop above 1.2080) for 1.2035/1.2020 &t hen 1.1990
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 23rd,121.70 - Dollar's advance has faltered & Resistance now around
122.60,123.00 max.to yield sell-off back toward the 118.00 Support level
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 24th, 121.10
Support /2100/2085/2050/ Whilst holding near Suport at 121.00/2085
** *** RESISTANCES *** ** yields rally back toward the 122.00 level
Resistance /2125/2150/2170/ Else below 120.85 extends fall twd 120.00
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. ** ASIAN UPDATE ** July 24th, 121.10
Buying Dollar,tight stop under 2085,for rally above 2150 to target 2200+
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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 24th, .8830
Support /8825/8810/8790/ Ozzys rallied nicely and with support now
** *** RESISTANCES *** ** around the 8820 level looking for advance
Resistance /8855/8880/8900/ to extend toward .8900,enroute .8940/8955
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. ** ASIAN UPDATE ** July 24th, .8830
Buying Ozzy,Stop under .8810,for the next advance toward the .8900 level
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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 24th, .8055
Support /8040/8025/8010/ Kiwi's rallying nicely & with support now
** *** RESISTANCES *** ** around the 8040 level looking for advance
Resistance /8075/8100/8130/ to extend toward .8100,enroute mid 8100's
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. ** ASIAN UPDATE ** July 24th, .8055
Buying Kiwi,Stop under .8040,for the next advance toward the .8100 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.