FX Forecasts for FRIDAY - AUGUST 10th
From: Max McKegg - Technical Research Limited
Date: Aug 10, 2007 6:10 AM
Subject: My FX Forecasts for FRIDAY - AUGUST 10th
To: TRL
My FX Forecasts for FRIDAY - AUGUST 10th
. ** 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 1.3460 level
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* AUG.10th, 1.3680
Support /3640/3610/3585/
** *** RESISTANCES *** ** whilst resistance at 1.3700/3720 contains
Resistance /3700/3720/3760/ sell-off today extends twd the 1.3600 lvl
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.
Resistance at 1.3700/20,for sell-off to 1.3640 enroute the 1.3600 level.
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 10th,118.25 - Dollar's recovery completed already & resistance at
118.90/119.50 probably now contains for sell-off toward 115.50 & 113.00.
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* AUG.10th, 118.25
Support /1800/1765/1720/
** *** RESISTANCES *** ** today at 118.60/118.90 for sell-off below
Resistance /1865/1890/1920/ 118.00 Support toward 117.20,enroute 1650
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Resistance at 118.60/118.90,for sell-off below Key 118.00 toward 117.20.
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 7th,1.1910 - Having sold-off well,whilst now holding 118.60/1815,
yields corrective recovery back toward Resistance about the mid 1.2100's
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* Aug.10th, 1.1965
Support /1950/1915/1885/ Dollar's corrective consolidation persists
** *** RESISTANCES *** ** & whilst holding 1.1915,1.1880 max.yields
Resistance /1980/1995/2030/ rally beyond 1.1995 Resistance onto 1.2085
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Support at 1.1950/1.1915 for rally beyond 1.1995 Resistance onto 1.2030+
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 10th,2.0230 - Sterling's complex correction persists & resistance
now around the 2.0300 level,to extend corrective sell-off toward 2.0000.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 10th, 2.0230
Support /0210/0160/0135/
** *** RESISTANCES *** ** Resistance now at 2.0260/0290 for decline
Resistance /0265/0290/0325/ to 2.0160 today enroute the 2.0100 level.
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Resistance around 2.0265 for sell-off below 2.0210 to test 2.0160 level.
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 10th,.8505 - Ozzy's completed corrective recovery & resistance at
8550,.8600 max.probably now contains for sell-off toward the mid .8200's
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 10th, .8505
Support /8485/8450/8400/
** *** RESISTANCES *** ** Whilst resistance at .8525/.8550 contains
Resistance /8525/8550/8585/ sell-off today extends to .8450,then 8360
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Resistance at .8525/8550,for sell-off below .8500/8490 to test Key .8450
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 10th,.7510 - Kiwi's completed corrective recovery & resistance at
7560,.7600 max.probably now contains for sell-off toward the mid .7200's
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 10th, .7510
Support /7500/7460/7445/
** *** RESISTANCES *** ** & whilst resistance around .7560 contains
Resistance /7535/7560/7600/ sell-off extends to .7450 - enroute .7330
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Resistance found at .7535/7560 for next sell-off to test the mid .7400's
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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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