Forex Daily Forecasts - Wednesday, Aug 29th

From: Max McKegg - Technical Research Limited
Date: Aug 29, 2007 6:23 AM
Subject: My FX Forecasts for WEDNESDAY - AUGUST 29th
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for WEDNESDAY - AUGUST 29th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
August 27th,1.3670 - Having met my mid 1.3600s target,whilst now finding
Support around the 1.3500 lvl,yields resumption of Uptrend toward 1.4000
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 29th, 1.3600
Support /3595/3580/3550/ Euro has sold-off to my 1.3600 target and
** *** RESISTANCES *** ** resistance now at 1.3620/1.3635 to extend
Resistance /3620/3635/3650/ Euro's sell-off toward the mid 1.3500's.
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. ** ASIAN UPDATE ** August 29th, 1.3605
Resistance at 1.3620/3635 contains to extend decline to the mid 1.3500's
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
August 27th,2.0135 - Having met 2.0100 target,whilst now finding support
around the mid 1.9800's,yields resumption of Uptrend toward 2.0850 level
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 29th, 2.0000
Support /9985/9930/9880/ Sterling has sold-off as anticipated and
** *** RESISTANCES *** ** resistance now about 2.0025/0050 yielding
Resistance /0025/0050/0085/ further weakness toward the 1.9880 level.
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. ** ASIAN UPDATE ** August 29th, 2.0005
Resistance at 1.20025/2.0050 (Stops above 2.0100) for decline twd 1.9880
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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 around 113.70,recovery extends toward Key 119.50/1985 Resistance
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 29th, 114.30
Support /1400/1370/1320/ Dollar sold-off even more than expected &
** *** RESISTANCES *** ** resistance at 114.60/115.00 now contains,
Resistance /1460/1500/1530/ to yield test of Key 113.70 Support level
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. ** ASIAN UPDATE ** August 29th, 114.25
Resistance probably about 114.60,115.00 max.for test of Key 113.70 level
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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 and beyond
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 29th, 1.2010
Support /2000/1985/1965/ Dollars probably sold-off enough for now &
** *** RESISTANCES *** ** whilst holding 1.1980/1.1965 yields rally
Resistance /2030/2045/2060/ back toward 1.2060 Resistance,enroute 2100
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. ** ASIAN UPDATE ** August 29th, 1.2015
Suport around the 1.1990 level (Stops under 1.1965) for rally to 1.2060+
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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 Resistance level over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 29th, .8130
Support /8115/8090/8050/ Ozzy has met my target of the mid .8100's
** *** RESISTANCES *** ** No sign of exhaustion yet.Resistance now
Resistance /8150/8165/8185/ at .8150/.8185,to extend toward Key .8090
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. ** ASIAN UPDATE ** August 29th, .8135
Resistance at 8150/8185 contains to yield next leg of sell-off twd 8090.
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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 Resistance level over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 29th, .6970
Support /6960/6915/6885/ Kiwi's met target of the mid .6900's & no
** *** RESISTANCES *** ** sign of exhaustion.Resistance at .7000/15
Resistance /7000/7015/7050/ contains to extend sell-off twd Key .6885
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. ** ASIAN UPDATE ** August 29th, .6970
Resistance now around the 7000 level for sell-off toward Key 6885 Suport
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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.