Forex Daily Forecasts - Tuesday, Aug 28th

From: Max McKegg - Technical Research Limited
Date: Aug 28, 2007 6:08 AM
Subject: My FX Forecasts for TUESDAY - AUGUST 28th
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for TUESDAY - AUGUST 28th

. ** 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 28th, 1.3645
Support /3625/3595/3550/ The Euro is correcting as anticipated and
** *** RESISTANCES *** ** until resistance at 3665/3685 is cleared,
Resistance /3650/3665/3685/ correction extends to 1.3600,enroute 3550
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. ** ASIAN UPDATE ** August 28th, 1.3640
Resistance now at 1.3650/65 as Euro extends corective sell-off to 1.3600
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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 28th, 2.0115
Support /0050/0020/9985/ Sterling is correcting as anticipated and
** *** RESISTANCES *** ** resistance about mid 2.0100s now contains
Resistance /0120/0140/0165/ to extend corrective sell-off twd 1.9985.
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. ** ASIAN UPDATE ** August 28th, 2.0090
Resistance now about 2.0120 as Sterling extends correction toward 1.9985
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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
around 115.00,113.70 max.for next leg of corective recovery to 119.50/85
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 28th, 115.70
Support /1520/1500/1485/ Dollars retested mid 115.00's as expected
** *** RESISTANCES *** ** & whilst Resistance about 116.00 contains
Resistance /1575/1590/1625/ corection extends toward the 115.20 level
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. ** ASIAN UPDATE ** August 28th, 115.50
Resistance now around 115.70 as Dollar extends correction toward 115.20.
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 28th,1.2025 - The sell-off from 1.2200 target persists.Resistance
at 1.2100/1.2150 probably now contains to extend sell-off to 1.1885/1850
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 28th, 1.2025
Support /2005/1990/1950/ The Dollar recovered as expected yesterday
** *** RESISTANCES *** ** Until Support at 1.2005/1.1990 is broken,
Resistance /2035/2050/2080/ corrective recovery extends toward 1.2100.
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. ** ASIAN UPDATE ** August 28th, 1.2025
Whilst holding 1.2005,1.1990 max.recovery extend beyond 1.2050 to 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 toward the .8650 and .8870 levels over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 28th, .8265
Support /8245/8215/8200/ Aussie is correcting and until resistance
** *** RESISTANCES *** ** at the 8280/8305 area is cleared,probably
Resistance /8280/8305/8335/ extends toward support around .8200 level
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. ** ASIAN UPDATE ** August 28th, .8260
Resistance about .8280,.8305 max.to extend correction toward 8200 level
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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 toward the .7550 and .7730 levels over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 28th, .7145
Support /7115/7085/7035/ The Kiwi is correcting as anticipated and
** *** RESISTANCES *** ** until resistance at .7200/7220 is cleared
Resistance /7170/7200/7220/ correction extends to Support about .7085
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. ** ASIAN UPDATE ** August 28th, .7140
Resistance at .7170/7200 contains to extend sell-off toward the 7085 lvl
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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.