Forex Daily Forecasts - Tuesday, Aug 21st
From: Max McKegg - Technical Research Limited
Date: Aug 21, 2007 12:04 PM
Subject: My LATEST FX Forecasts for AUGUST 21st
To: TRL
My FX Forecasts for TUESDAY - AUGUST 21st
. ** 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 21st, 1.3475
Support /3460/3430/3375/
** *** RESISTANCES *** ** about 1.3460,1.3430 max.to yield advance
Resistance /3500/3545/3600/ beyond 1.3545 Resistance toward 1.3630/60
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Still looking for rally above the 1.3545 Resistance level toward 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 21st, 114.90
Support /1490/1460/1420/
** *** RESISTANCES *** ** support around the mid 114.00's yields
Resistance /1525/1550/1600/ next leg of recovery toward 116.50/116.80
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Support now at 114.90/114.60 for rally beyond Key 115.50 toward - 116.50
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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 21st, 1.9880
Support /9850/9820/9800/
** *** RESISTANCES *** ** around mid 1.9800's to yield rally beyond
Resistance /9905/9935/0000/ Key 1.9935 Resistance toward 2.0050/0100.
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Looking for Sterling to extend recovery beyond 1.9935 - to target 2.0050
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 21st,1.2055 - Dollar has met 1.2200 and whilst resistance around
the mid 1.2100's now contains yields sell-off back toward the 1.1900 lvl
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 21st, 1.2055
Support /2035/2020/2000/ Dollar now has Support around 1.2035 level
** *** RESISTANCES *** ** to yield a recovery back to Resistance at
Resistance /2090/2130/2150/ 1.2120-1.2150,before risk again turns Down
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Whilst holding 1.2035/1.2020 yields a recovery back toward 1.2120-1.2150
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.7985 - Ozzy's sold-off well & whilst now finding Resistance
about 8200/8250,yields further corrective weakness toward the 7500 level
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 21st, .8035
Support /7980/7885/7830/
** *** RESISTANCES *** ** Resistance at 8065/8095 is cleared,risks
Resistance /8065/8095/8165/ corrective sell-off back toward .7900 lvl
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Ozzy threatens corrective sell-off below Key .7980 toward 7900,.7830 max
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.6965 - Kiwi's sold-off well & whilst now finding Resistance
around mid 7100's yields further corrective weakness toward the 6500 lvl
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 21st, .6970
Support /6920/6830/6785/
** *** RESISTANCES *** ** Resistance at .7000/7025 is cleared,risks
Resistance /7000/7025/7100/ corrective sell-off back toward .6800 lvl
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Kiwi threatens corrective sell-off below Key .6920 toward the 6800 level
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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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