Forex Daily Analysis - Thursday, Aug 23nd
From: Max McKegg - Technical Research Limited
Date: Aug 23, 2007 6:27 AM
Subject: My FX Forecasts for THURSDAY - AUGUST 23rd
To: TRL
My FX Forecasts for THURSDAY - AUGUST 23rd
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,1.3475 - Euro's correcting as anticipated and Resistance now
around the mid 1.3600's to yield a sell-off back toward the 1.2900 level
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 23rd, 1.3545
Support /3535/3520/3500/
** *** RESISTANCES *** ** around the 1.3520 level looking for Euro
Resistance /3560/3600/3635/ to extend recovery toward the mid 1.3600s
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.
Support found about 3535/3520 (Stops under 1.3490) for rally to 1.3600+
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 20th,114.35 - Having sold-off nicely Resistance next found around
the mid 116.00's to yield next leg of Dollars sell-off toward 109.00 lvl
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 23rd, 115.50
Support /1565/1550/1530/
** *** RESISTANCES *** ** about 115.30 look for recovert to extend
Resistance /1580/1600/1640/ toward the mid 116.00's before exhaustion
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Suport now 115.65/115.50,115.30 max.as recovery extends toward 116.40/70
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,1.9815 - Sterling's correcting as anticipated and Resistance
now lies around the 2.0100 level to yield a sell-off back toward 1.8850 .
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 23rd, 1.9935
Support /9940/9915/9900/
** *** RESISTANCES *** ** now about 1.9915/1.9900 looking for GBP
Resistance /0000/0025/0060/ to extend recovery toward the 2.0100 lvl.
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Support about 1.9940,1.9915/1.9900 max.for the next advance onto 2.0000+
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 21st,1.2055 - Dollar has met 1.2200 & resistance at 1.2150/1.2200
probably now contains to yield sell-off back to Key 1.1820 - then 1.1570
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 23rd, 1.2065
Support /2045/2015/2000/ The Dollars complex corrective recovery is
** *** RESISTANCES *** ** developing well.Suspect another attempt at
Resistance /2090/2110/2135/ the mid 1.2100's before exhaustion-1.2000.
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Whilst holding 2045 Suport,opportunity for final rally toward mid 2100's
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.7985 - Ozzy's sold-off well and recovery probably now finds
Resistance around the .8200 level to yield another sell-off toward .7500
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 23rd, .8090
Support /8075/8060/8040/
** *** RESISTANCES *** ** at .8075/.8060 looking for Ozzy to extend
Resistance /8125/8160/8210/ recovery toward .8200 - before exhaustion
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.
Still looking for Ozzy to extend recovery onto .8160 & then Key .8200/15
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.6965 - Kiwi's sold-off well and recovery probably now finds
Resistance around the mid .7100's to yield another sell-off toward .6500
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 23rd, .7065
Support /7065/7050/7035/
** *** RESISTANCES *** ** at .7050/.7035 looking for Kiwi to extend
Resistance /7100/7125/7150/ recovery onto 7125/7150 before exhaustion
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.
Still looking for Kiwi to extend recovery toward .7125/.7150 Resistance.
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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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