Forex Daily Forecasts - Friday, Aug 17th

From: Max McKegg - Technical Research Limited
Date: Aug 17, 2007 12:08 PM
Subject: My LATEST FX Forecasts for AUGUST 17th
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for FRIDAY - AUGUST 17th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,1.3535 - Euro is correcting as anticipated & with Resistance
now around 1.3600 looking for sell-off to extend toward the 1.3000 level
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 17th, 1.3420
Support /3390/3360/3300. Euro's corective consolidation persists &
** *** RESISTANCES *** ** failure to now clear 3430/3450 Resistance
Resistance /3430/3450/3480/ yields next leg of decline toward 1.3300.
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. * EUROPEAN UPDATE * August 17th, 1.3420
Whilst 1.3430/50 contains,yields sell-off below 1.3390/3360 toward 3300.
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 10th,118.25 - The Dollars recovery completed already & resistance
now around the 119.00 level for the next sell-off toward 114.50 support.
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 17th, 114.20
Support /1200/1130/1050/ Having sold-off well,whilst 114.50 /65 now
** *** RESISTANCES *** ** caps,looking for sell-off back to Support
Resistance /1240/1275/1300/ around the mid 113.00's & probably 113.00
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. * EUROPEAN UPDATE * August 17th, 112.20
Resistance now at 112.40/112.75 to extend decline toward 111.30 & 110.50
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,1.9970 - Sterling's correcting as anticipated and Resistance
about 2.0000, 2.0100 max. now contains to extend sell-off toward 1.9250 .
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 17th, 1.9765
Support /9720/9700/9625/ Sterling's sell-off persists & resistance
** *** RESISTANCES *** ** now around 1.9800 level to extend decline
Resistance /9795/9810/9855/ toward my next target about 1.9625 level.
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. * EUROPEAN UPDATE * August 17th, 1.9765
Resistance now around the 1.9800 level extending sell-off toward 1.9625.
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 15th,1.2100 - The Dollars recovering as expected and with Support
now about 1.2050 looking for corrective recovery to extend toward 1.2500
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 17th, 1.2150
Support /2135/2100/2070/ Until Resistance at 1.2175/1.2200 cleared
** *** RESISTANCES *** ** Dollar probably finds support about 1.2100
Resistance /2175/2200/2215/ level for next leg of recovery toward 2300
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. * EUROPEAN UPDATE * August 17th, 1.2150
Risks deeper reaction to around the 2100 Support level before exhaustion
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,.8345 - Ozzy correcting as anticipated & with Resistance now
around the .8400 level looking for this sell-off to extend toward .7900.
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 17th, .7975
Support /7790/7730/7685/ Whilst Resistance around the 8000 lvl now
** *** RESISTANCES *** ** contains looking for sell-off back toward
Resistance /7830/7850/7900/ the Key .7900/.7880 Support area today.
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. * EUROPEAN UPDATE * August 17th, .7810
Resistance now at .7830/.7850,.7900 max.to extend sell-off toward .7685.
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 15th,.7265 - Kiwi's correcting as anticipated and with Resistance
now about .7330 looking for sell-off to extend to .7000,enroute to .6750
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 17th, .6975
Support /6695/6630/6580/ Whilst near Resistance at .7000/.7015 now
** *** RESISTANCES *** ** contains yields sell-off back twd Support
Resistance /6750/6765/6800/ at 6900/6885,then targets Key .6830/.6800
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. * EUROPEAN UPDATE * August 17th, .6720
Resistance now at .6750/.6765,.6800 max.to extend sell-off toward .6580.
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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.