FX Forecasts for MONDAY - AUGUST 6th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Aug 6, 2007 5:31 AM
Subject: My FX Forecasts for MONDAY - AUGUST 6th
To: TRL <max.mckegg@trl.co.nz>

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My FX Forecasts for MONDAY - AUGUST 6th

. ** 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 the 1.3850 level
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 6th, 1.3805
Support /3800/3785/3770/ The Euro has rallied nicely & support now
** *** RESISTANCES *** ** about 1.3785/1.3770,looking for rally to
Resistance /3850/3885/3900/ extend onto Resistances at 3850,then 3900
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. ** ASIAN UPDATE ** August 6th, 1.3820
Support now aroumd the 1.3800 level,looking for test of 1.3850,then 3900
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 23rd,121.70 - The Dollar's Uptrend has faltered & Resistance is now
around 122.00 to yield a sell-off toward 118.00 enroute the 116.00 level
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 6th, 117.60
Support /1700/1680/1640/ Dollar's resumed Downtrend and Resistance
** *** RESISTANCES *** ** is now around the 118.00 level to extend
Resistance /1740/1760/1800/ sell-off to 116.80 enroute the 116.00 lvl
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. ** ASIAN UPDATE ** August 6th, 117.25
Resistance now around the mid 117.00's to extend to 116.80 & around 1600
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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 1.1800 lvl
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 6th, 1.1870
Support /1825/1800/1785/ The Dollar has sold-off as expected & with
** *** RESISTANCES *** ** resistance now around 1.1900 level looking
Resistance /1870/1890/1905/ for decline to extend toward 1.1800/1.1785
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. ** ASIAN UPDATE ** August 6th, 1.1845
Resistance now about 1.1870 to extend this sell-off toward 1.1800/1.1785
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,2.0320 - Sterling's undergoing a broad and complex correction
and looking for recovery back toward Resistance around the 2.0500 level.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 6th, 2.0395
Support /0405/0380/0340/ Sterling rallied nicely on Friday.Whilst
** *** RESISTANCES *** ** holding near Suport at 2.0380 opportunity
Resistance /0435/0460/0500/ for another rally toward the 2.0500 level
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. ** ASIAN UPDATE ** August 6th, 2.0415
Support now around 2.0400 to yield rally toward 2.0460 and around 2.0500
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 6th,.8540 - Ozzy's undergoing a complex correction and whilst now
finding Support around .8500,opportunity for recovery back toward .8700.
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 6th, .8540
Support /8525/8500/8465/ The Ozzy recovery has faltered But whilst
** *** RESISTANCES *** ** now finding Support around the 8500 level
Resistance /8550/8560/8600/ opportunity for rally back twd Key .8600
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. ** ASIAN UPDATE ** August 6th, .8535
Until Resistance st .8550/60 cleared,Ozzy extends decline to around 8500
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 6th,.7590 - Kiwi's undergoing a complex correction and whilst now
finding Support about .7550/7535,opportunity for a recovery toward .7800
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 6th, .7590
Support /7550/7535/7460/ Kiwi's recovery has faltered & Resistance
** *** RESISTANCES *** ** now at 7600,7630 max.Whilst this contains
Resistance /7585/7600/7630/ yields retest of Key .7550/.7535 Support.
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. ** ASIAN UPDATE ** August 6th, .7575
Resistance at .7585/.7600 now contains for a test of .7550/.7535 Support
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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.