FX Forecasts for TUESDAY - JULY 3rd
From: Max McKegg - Technical Research Limited
Date: Jul 3, 2007 12:04 PM
Subject: My LATEST FX Forecasts for JULY 3rd
To: TRL
To View Forecasts in PDF Form, Click on Attachment
My FX Forecasts for TUESDAY - JULY 3rd
. ** 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 3rd, 1.3630
Support /3605/3590/3550/ The Euro's advance is developing well and
** *** RESISTANCES *** ** support now 1.3620-3590 for resumption of
Resistance /3635/3680/3700/ Uptrend toward next Resistance at 3700/15
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. ** EUROPEAN UPDATE ** July 3rd, 1.3620
Whilst this reaction holds 1.3600/3590 yields next advance toward 1.3700
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 3rd,122.25 - Dollar's reaction is seen as corrective.Support now at
122.10,the mid 121.00's max.for the resumption of Uptrend toward 125.50.
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 3rd, 122.25
Support /2220/2210/2165/ Whilst now holding 122.10 Support,looking
** *** RESISTANCES *** ** for rally toward 123.00 - then Key 123.55
Resistance /2245/2270/2300/ Else correction extends to the mid 2100's
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. ** EUROPEAN UPDATE ** July 3rd, 122.35
Staying Bullish (Stop under 122.10) for rally back to 122.70,then 123.00
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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 3rd, 2.0175
Support /0150/0130/0085/ Sterling's advance is developing well and
** *** RESISTANCES *** ** support now around the mid 2.0100's for a
Resistance /0185/0240/0275/ resumption of Uptrend toward 2.0270/3.000
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. ** EUROPEAN UPDATE ** July 3rd, 2.0165
Whilst this reaction holds 2.0150/0130 yields next advance toward 2.0270
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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 3rd, 1.2095
Support /2100/2090/2050/ Dollar has sold-off well & Resistance now
** *** RESISTANCES *** ** about 1.2125,1.2150 max.to extend decline
Resistance /2125/2150/2200/ toward the next Support at 1.2050/1.2020.
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. ** EUROPEAN UPDATE ** July 3rd, 1.2115
Whilst Resistance at 1.2125/2150 contains,yields next sell-off to 1.2050
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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 3rd, .8565
Support /8555/8540/8500/ Ozzys rallied well and whilst now holding
** *** RESISTANCES *** ** support about 8540 looking for resumption
Resistance /8585/8600/8650/ of Uptrend beyond .8585/8600 toward .8650
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. ** EUROPEAN UPDATE ** July 3rd, .8565
Whilst holding Suport about 8540 yields rally above 8585/8600 onto .8600
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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 3rd, .7820
Support /7795/7780/7750/ Kiwi has again rallied nicely and support
** *** RESISTANCES *** ** now at .7800,.7780 max.for resumption of
Resistance /7835/7875/7900/ Uptrend onto 7870 enroute the .7900 level
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. ** EUROPEAN UPDATE ** July 3rd, .7810
Staying Bullish (with Stop under 7770) for the next advance toward 7875+
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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 3rd, .7820
Support /7795/7780/7750/ Kiwi has again rallied nicely and support
** *** RESISTANCES *** ** probably now found about .7800,.7780 max.
Resistance /7835/7875/7900/ for the resumption of Uptrend toward 7900
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. ** EUROPEAN UPDATE ** July 3rd, .7810
Staying Bullish (with Stop under 7770) for the next advance toward .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.
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