Forex Daily Forecasts - Tuesday, Aug 14th

From: Max McKegg - Technical Research Limited
Date: Aug 14, 2007 11:57 AM
Subject: My LATEST FX Forecasts for AUGUST 14th
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for TUESDAY - AUGUST 14th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,1.3680 - Euro's undergoing a complex corection & yields rally
back toward mid 1.3800's,before another sell-off toward the 1.3450 level
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* AUG.14th, 1.3610
Support /3600/3560/3525/ The Euro has sold-off well and resistance
** *** RESISTANCES *** ** now about 1.3640/1.3670 to extend decline
Resistance /3640/3670/3710/ toward 1.3540 enroute to the mid 1.3400's
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. * EUROPEAN UPDATE * August 14th, 1.3615
Resistance at 1.3640/1.3670 for next sell-off below 1.3600 toward 1.3540
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 7th,1.1910 - Having sold-off well,whilst now holding 1.1860/1815,
yields corrective recovery back toward the 1.2165/1.2200 Resistance area
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* Aug.14th, 1.2050
Support /2020/2000/1970/ The Dollars corrective recovery persists &
** *** RESISTANCES *** ** suport now around 1.2020 to extend advance
Resistance /2065/2100/2150/ to the 1.2100 level enroute the mid 2100's
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. * EUROPEAN UPDATE * August 14th, 1.2040
Whilst this reaction holds 1.2020/2000 rallies back above 2065 twd 2100+
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 10th,2.0230 - Sterling's complex correction persists & resistance
is now about the 2.0300 level for the next leg of sell-off toward 2.0000
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 14th, 2.0125
Support /0100/0085/0000/ Sterling's sell-off persists & resistance
** *** RESISTANCES *** ** now about 2.0160/2.0200 to extend decline
Resistance /0160/0200/0270/ below 2.0100/2.0085 toward the 2.0000 lvl
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. * EUROPEAN UPDATE * August 14th, 2.0120
Resistance at 2.0160/2.0200 for next sell-off below 2.0085 toward 2.0000
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 10th,118.25 - The Dollars recovery completed already & resistance
now found around around the 119.00 level for next sell-off toward 114.50
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* AUG.14th, 117.90
Support /1765/1750/1720/ Dollar's consolidation persists and until
** *** RESISTANCES *** ** 117.50/1720 broken,opportunity for rally
Resistance /1820/1870/1900/ to around 119.00 before Reversal - 116.40
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. * EUROPEAN UPDATE * August 14th, 117.90
Until Key 117.50/117.20 is broken,risks rally back to 119.00 before RVSL
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 10th,.8505 - Ozzys completed its corrective recovery & resistance
is now around the mid .8500's to extend sell-off toward the .8250 level.
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 14th, .8425
Support /8380/8350/8335/ Ozzy's sell-off persists & Resistance now
** *** RESISTANCES *** ** around the mid 8400's,looking for decline
Resistance /8415/8445/8460/ to extend toward next target about .8340.
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. * EUROPEAN UPDATE * August 14th, .8395
Whilst .8415 contains,further Downside imminent.Else 8445/60 before Down
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 10th,.7510 - Kiwi's completed its corective recovery & resistance
around mid .7500's probably now contains to extend sell-off toward .7250
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 14th, .7390
Support /7315/7300/7280/ Kiwis sell-off persists & with Resistance
** *** RESISTANCES *** ** now about 7400 looking for Kiwi to extend
Resistance /7340/7365/7400/ decline toward my next target around 7300
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. * EUROPEAN UPDATE * August 14th, .7320
Kiwi's sold-off well.Resistance now at .7340/7365 for .7300,enroute 7250
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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.