Forex Daily Forecasts - Friday, Aug 31st

From: Max McKegg - Technical Research Limited
Date: Aug 31, 2007 6:12 AM
Subject: My FX Forecasts for FRIDAY - AUGUST 31st
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for FRIDAY - AUGUST 31st


. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
August 27th,1.3670 - Having met my mid 1.3600's target,Support now found
about the mid 1.3500's for resumption of Uptrend toward the 1.4000 level
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 31st, 1.3635
Support /3620/3595/3565/ The Euros consolidation developing well &
** *** RESISTANCES *** ** now look for resumption of Uptrend beyond
Resistance /3660/3685/3750/ Key 1.3660/85 onto 1.3775,enroute 1.3850.
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. ** ASIAN UPDATE ** August 31st, 1.3640
Buying Euro (Stop under 1.3615) for rally to Key 1.3660/85,enroute 3775.
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
August 27th,2.0135 - Having met 2.0100 target level,Support is now about
the mid 1.9900s for resumption of Uptrend to the 2.0650 Resistance level
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 31st, 2.0135
Support /0115/0090/0045/ Sterling's recovered nicely & looking for
** *** RESISTANCES *** ** a resumption of Uptrend beyond Key 2.0190
Resistance /0165/0190/0250/ Resistance onto next target about 2.0400.
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. ** ASIAN UPDATE ** August 31st, 2.0135
Buying Sterling,Stop under 2.0080,for rally to Key 2.0190,enroute 2.0400
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
August 27th,116.35 - Having met my mid 116.00s target,whilst now finding
Support about 113.70 recovery extends toward the 119.50 Resistance level
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 31st, 115.90
Support /1575/1560/1520/ Dollars recovered nicely corective target
** *** RESISTANCES *** ** & looking for the resumption of recovery
Resistance /1610/1625/1675/ above Key 116.25 Resistance toward 117.15
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. ** ASIAN UPDATE ** August 31st, 115.90
Support at 115.75/115.60 for rally above 116.10/116.25 to target 116.75+
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 29th,1.2010 - Dollars sell-off from 1.2215 appears corrective and
whilst now holding 1.1965,yields rally back toward Key 1.2215 Resistance
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 31st, 1.2040
Support /2020/1990/1965/ Dollar's recovered as anticipated & whilst
** *** RESISTANCES *** ** now holding support at 1.2020, 1.1990 max.
Resistance /2065/2090/2110/ Dollar extends this recovery toward 2100+
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. ** ASIAN UPDATE ** August 31st, 1.2040
Whilst holding 1.2020,1.1990 max.rallies above Key 1.2065 toward 1.2100+
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
August 28th,.8265 - The Ozzy's recovery persists and after a correction,
will probably extend to the .8660/8720 Resistance area over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 31st, .8155
Support /8140/8125/8100/ Ozzys found Support at .8140/.8125 target
** *** RESISTANCES *** ** and looking for the resumption of advance
Resistance /8185/8200/8235/ beyond Key .8200/35 Resistance onto .8400
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. ** ASIAN UPDATE ** August 31st, .8170
Buying Ozzy (Stop under .8140) for rally to Key .8200/8235,enroute .8400
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
August 27th,.7225 - The Kiwi's recovery persists and after a correction,
will probably extend onto the .7500/50 Resistance area over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 31st, .7020
Support /7010/6985/6950/ Kiwi has found support in the late 6900's
** *** RESISTANCES *** ** as expected and looking for resumption of
Resistance /7050/7075/7110/ advance beyond Key .7075/7110 toward 7275
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. ** ASIAN UPDATE ** August 31st, .7030
Buying Kiwi (Stop under .7000) for rally to Key .7075/7110,enroute .7275
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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.