Forex Daily Forecasts - Monday, Aug 27th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Aug 27, 2007 12:01 PM
Subject: My LATEST FX Forecasts for AUGUST 27th
To: TRL <max.mckegg@trl.co.nz>

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for MONDAY - AUGUST 27th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
August 27th,1.3670 - Having met the mid 1.3600's,support is probably now
found at the 1.3550/1.3500 area for resumption of Uptrend toward 1.4000+
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 27th, 1.3675
Support /3650/3630/3600/ The Euro's recovery persists but cautions
** *** RESISTANCES *** ** risk of correction today & sell-off back
Resistance /3685/3715/3750/ toward the 1.3600 level,enroute to 1.3550
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. * EUROPEAN UPDATE * August 27th, 1.3675
Whilst near Resistance around 3685 contains,cautions imminent correction
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
August 27th,2.0135 - Having met 2.0100,support probably now found around
mid 1.9900s,1.9850 max.for resumption of Uptrend toward the 2.0850 level
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 27th, 2.0135
Support /0135/0100/0080/ Sterling next finds Resistance around the
** *** RESISTANCES *** ** 2.0200 level - to risk S/T exhaustion for
Resistance /0170/0190/0265/ a corrective sell-off back toward 1.9985.
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. * EUROPEAN UPDATE * August 27th, 2.0155
Whilst 2.0170/90 now contains,sells-off twd 1.9985.Else defers & 2.0265.
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 27th,1.2015 - Whilst Dollar finds Suport in the mid/late 1.1800's
yields rally beyond Key 1.2215 Resistance to target recovery onto 1.2600
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 27th, 1.2015
Support /2005/1990/1950/ Dollar now has Suport at 1.2005/1.1990 and
** *** RESISTANCES *** ** whilst this holds yileds recovery back to
Resistance /2035/2050/2065/ the mid 2000's,higher extending to 1.2100+
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. * EUROPEAN UPDATE * August 27th, 1.2015
Whilst holding Suport at 1.2005/1.1990,rallies back toward 1.2050/1.2065
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
August 27th,116.35 - Having met mid 116.00's,Support probably now found
at 115.50,114.00 max.for next leg of corrective recovery onto 119.50/85.
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 27th, 116.20
Support /1600/1560/1515/ Dollars corrective consolidation persists
** *** RESISTANCES *** ** and until Resistance at 116.50/116.75 is
Resistance /1650/1675/1715/ cleared risks retest of the mid 115.00's.
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. * EUROPEAN UPDATE * August 27th, 116.20
Indicators are mixed and awaiting the near clear S/T trading opportunity
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
August 27th,.8275 - Ozzy's recovery is impressive and argues for advance
onto the 8400/8450 Resistance area,enroute to Key 8870 over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 27th, .8275
Support /8275/8250/8200/ Ozzys recovery is impressive & whilst now
** *** RESISTANCES *** ** holding near support about the mid 8200's
Resistance /8315/8340/8375/ extends toward .8340,enroute Key .8400/50
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. * EUROPEAN UPDATE * August 27th, .8300
Ozzy Support now at 8270,.8250 max.to enable advance to extend to .8340+
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
August 27th,.7225 - The Kiwi's recovery is impressive & after correction
will probably extend toward the .7550 and .7730 levels over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 27th, .7230
Support /7200/7180/8135/ Kiwis advance is impressive but a failure
** *** RESISTANCES *** ** to now hold 7200/7180 triggers corrective
Resistance /7260/7275/7300/ sell-off back toward the .7100/.7080 area
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. * EUROPEAN UPDATE * August 27th, .7230
Resistance now at .7260/7275 & whilst this contains,forewarns correction
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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.