FX Forecasts for WEDNESDAY - JULY 25th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jul 25, 2007 12:18 PM
Subject: My LATEST FX Forecasts for JULY 25th
To: TRL <max.mckegg@trl.co.nz>

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for WEDNESDAY - JULY 25th

. ** 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 25th, 1.3830
Support /3800/3785/3750/ Euro's upside momentums waning,cautioning
** *** RESISTANCES *** ** S/T Reversal to yield a correction toward
Resistance /3830/3850/3875/ the mid 1.3700's & probably around 1.3700
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. ** EUROPEAN UPDATE ** July 25th, 1.3815
Resistance now around the 1.3830 level for Break below 1.3800 twd 1.3750
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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
at 1.2150/1.2200 for sell-off below Key 1.1880 - toward the 1.1400 level
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* July 25th, 1.2025
Support /2020/1990/1960/ Dollar's corrective recovery persists and
** *** RESISTANCES *** ** until 2015/1990 broken,yields rally back
Resistance /2055/2080/2130/ above 1.2080 toward the mid/late 1.2100's
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. ** EUROPEAN UPDATE ** July 25th, 1.2040
Staying Bullish,Stop under 1.2000,for rally back to Key 1.2080,then 2150
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 23rd,121.70 - Dollar's advance has faltered & Resistance now around
122.00,122.60 max.to yield sell-off back toward the 118.00 Support level
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 25th, 120.15
Support /2015/2000/1980/ Having sold-off well toward 120.00,Dollar
** *** RESISTANCES *** ** now cautions a corrective recovery toward
Resistance /2050/2085/2100/ the 121.00 lvl.Loss of 119.80 frustrates.
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. ** EUROPEAN UPDATE ** July 25th, 120.30
Whilst now holding 120.00,119.80 max.still looking for rally twd 121.00.
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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 25th, 2.0615
Support /0580/0555/0500/ Sterlings rallied well But whilst 2.0620/
** *** RESISTANCES *** ** -/2.0650 now contains risks a corrective
Resistance /0625/0650/0700/ sell-off back twd 2.0550,then 2.0500/0470
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. ** EUROPEAN UPDATE ** July 25th, 2.0595
Not convinced correction is complete yet.Waiting next Buying opportunity
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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 25th, .8860
Support /8830/8815/8790/ Ozzy has completed correction already and
** *** RESISTANCES *** ** support now found about 8825,8810 max.for
Resistance /8865/8890/8915/ resumption of Uptrend onto the mid 8900's
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. ** EUROPEAN UPDATE ** July 25th, .8860
Buying Ozzy about .8825 (Stop under .8790) for next advance toward .8950
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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 25th, .8050
Support /8020/8000/7940/ Kiwi has rallied nicely to the 8100 level
** *** RESISTANCES *** ** but now cautions corrective sell-off back
Resistance /8060/8075/8110/ twd the mid 7900's,before Uptrend resumes
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. ** EUROPEAN UPDATE ** July 25th, .8050
Resistance at 8060/8075 the Key.Whilst contain,chance for 7950 before UP
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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.