FX Forecasts for WEDNESDAY - JULY 4th

From: Max McKegg - Technical Research Limited
Date: Jul 4, 2007 12:16 PM
Subject: My LATEST FX Forecasts for JULY 4th
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for WEDNESDAY - JULY 4th

. ** 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 4th, 1.3605
Support /3600/3585/3550/ The Euro's Uptrend is developing well and
** *** RESISTANCES *** ** support now 1.3600/1.3585,mid 3500's max.
Resistance /3635/3680/3700/ for a resumption of advance toward 1.3700
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. ** EUROPEAN UPDATE ** July 4th, 1.3615
Staying Bullish (Stop under 1.3585) for rally above 1.3635 toward 1.3700
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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 4th, 1.2155
Support /2140/2125/2090/ Resistance now lies at 1.2175,1.2225 max.
** *** RESISTANCES *** ** to yield a resumption of Dollars sell-off
Resistance /2175/2200/2225/ toward 2.0090,enroute to the 1.2000 level
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. ** EUROPEAN UPDATE ** July 4th, 1.2150
Whilst 2175 contains,await next decline to 2090.Else 2200/25 before Down
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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 4th, 2.0165
Support /0150/0130/0075/ Sterling's Uptrend is developing well and
** *** RESISTANCES *** ** support is today at 2.0150/2.0130 for the
Resistance /0195/0240/0275/ resumption of advance toward 2.0300 level
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. ** EUROPEAN UPDATE ** July 4th, 2.0175
Whilst holding Support around 2.0130 await rally above 2.0195 twd 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 4th, 122.40
Support /2210/2165/2140/ Whilst Resistance about 122.70,123.00 max
** *** RESISTANCES *** ** today contains yields a deeper corrective
Resistance /2250/2270/2300/ sell-off back toward the mid 121.00's.
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. ** EUROPEAN UPDATE ** July 4th, 122.40
Dollar risks another sell-off below 122.10 Support toward mid 121.00's.
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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 4th, .8545
Support /8555/8540/8515/ Ozzy now has Support about .8540 to yield
** *** RESISTANCES *** ** resumption of Uptrend beyond .8585/.8600
Resistance /8585/8600/8650/ Resistance onto next target at mid 8600's
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. ** EUROPEAN UPDATE ** July 4th, .8575
Whilst now holding 8555/8540,await rally above 8585/8600 to target .8650
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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 4th, .7805
Support /7800/7780/7750/ The Kiwi's Uptrend is developing well and
** *** RESISTANCES *** ** support is now about .7800/.7780 for the
Resistance /7840/7875/7900/ resumption of Uptrend toward the 7900 lvl
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. ** EUROPEAN UPDATE ** July 4th, .7820
Whilst holding Support about 7800,await Break above 7840 to target .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.