FX Forecasts for FRIDAY - AUGUST 3rd

From: Max McKegg - Technical Research Limited
Date: Aug 3, 2007 12:21 PM
Subject: My LATEST FX Forecasts for AUGUST 3rd
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for FRIDAY - AUGUST 3rd

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,1.3675 - Euro's undergoing complex corection & whilst holding
Support about the mid 1.3600's yields rally back toward Key 1.3850 level
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 3rd, 1.3700
Support /3685/3670/3650/ Euro's recovery persists and with Support
** *** RESISTANCES *** ** now about 1.3685/3670 looking for advance
Resistance /3725/3770/3800/ onto the 1.3770 level,enroute to 1.3800+
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. * EUROPEAN UPDATE * August 3rd, 1.3700
Staying Bullish,Stop under 1.3665,for rally toward 1.3770,enroute 3800+
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,2.0320 - Sterling undergoing complex correction & looking for
rally back toward the 2.0500 level enroute Key 2.0560/2.0650 Resistance.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 3rd, 2.0365
Support /0340/0325/0310/ Sterling has rallied nicely & Support is
** *** RESISTANCES *** ** probably today found at 2.0350/2.0320 for
Resistance /0380/0430/0475/ next advance onto 2.0460,enroute 2.0500+
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. * EUROPEAN UPDATE * August 3rd, 2.0355
Buying Sterling,with Stop under 2.0310,for the next rally toward 2.0460.
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 23rd,121.70 - The Dollar's Uptrend has faltered & Resistance is now
about the 122.00 level to yield sell-off toward 118.00,enroute to 116.50
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 3rd, 119.15
Support /1900/1870/1835/ Dollar's corrective recovery persists and
** *** RESISTANCES *** ** whilst finding Support at 119.00,1870 max
Resistance /1935/1950/1990/ extends twd 119.90 Resistance before RVSL
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. * EUROPEAN UPDATE * August 3rd, 119.20
Support around 119.00,118.70 max.to extend recovery to 119.50 and 119.90
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 2nd,1.2040 - Dollar's complex consolidation persists,probably now
finding Resistance around 1.2080 to yield sell-off toward the 1.1900 lvl
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 3rd, 1.2045
Support /2010/1985/1960/ Having found Resistance at 1.2080,whilst
** *** RESISTANCES *** ** 1.2050/1.2080 today contains looking for
Resistance /2050/2065/2080/ sell-off to 1985,then extending twd 1900.
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. * EUROPEAN UPDATE * August 3rd, 1.2030
Resistance now about 1.2050/1.2065 for sell-off to test/break Key 1.1985
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,.8565 - Ozzy's undergoing a complex correction and whilst now
holding .8540/.8500 looking for recovery back to .8700,enroute Key .8870
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 3rd, .8580
Support /8560/8545/8525/ Ozzy's recovery persists and with Support
** *** RESISTANCES *** ** now around mid 8500's looking for advance
Resistance /8600/8615/8660/ toward the .8660 level - enroute to 8700+
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. * EUROPEAN UPDATE * August 3rd, .8570
Buying Ozzy (with a Stop under 8540) for next advance toward .8660 level
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,.7665 - Kiwi's undergoing a complex correction and whilst now
holding .7640/7600 looking for recovery to .7770,enroute the .7900 level
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 3rd, .7680
Support /7660/7645/7630/ Kiwi's recovery persists and with Support
** *** RESISTANCES *** ** now around mid 7600's looking for advance
Resistance /7700/7715/7730/ toward the .7770 level - enroute to 7800+
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. * EUROPEAN UPDATE * August 3rd, .7670
Buying Kiwi (with a Stop under 7630) for next advance toward .7770 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.