FX Forecasts for THURSDAY - AUGUST 2nd

From: Max McKegg - Technical Research Limited
Date: Aug 2, 2007 12:02 PM
Subject: My LATEST FX Forecasts for AUGUST 2nd
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for THURSDAY - AUGUST 2nd

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,1.3675 - Euro's undergoing complex corection.A loss of 1.3610
Suport extends toward mid 1.3400's.Otherwise yields recovery onto 1.3850
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 2nd, 1.3675
Support /3655/3640/3610/ Euro finds Resistance around 1.3685 level
** *** RESISTANCES *** ** and until 1.3700/25 cleared,threatens Key
Resistance /3685/3700/3725/ 3640/3610. Beyond 3700/25 targets 1.3800+
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. * EUROPEAN UPDATE * August 2nd, 1.3660
Waiting for clearer signals to yield next worthwhile trading opportunity
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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 2nd, 118.90
Support /1835/1800/1760/ Dollar sold-off well yesterday.Resistance
** *** RESISTANCES *** ** today found in low 119.00's to yield next
Resistance /1870/1900/1915/ leg of Dollars decline to 117.60 & 116.80
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. * EUROPEAN UPDATE * August 2nd, 118.50
Dollars sold-off well.Resistance now at 118.70/119.00 to extend twd 1760
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,2.0320 - Sterling undergoing complex correction & opportunity
for rally toward 2.0500/0560 before risk of return to Key 1.0180 Support
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 2nd, 2.0320
Support /0300/0275/0200/ Sterlings undergoing a complex correction
** *** RESISTANCES *** ** Whilst finding Support at 2.0300 - 2.0275
Resistance /0330/0350/0380/ yields rally toward 2.0430 Resistance lvl
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. * EUROPEAN UPDATE * August 2nd, 2.0310
Having tested Support,Staying Bullish whilst 2.0275 Support level holds.
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 2nd,1.2040 - Dollar now has Resistance about 1.2065/2080 to yield
sell-off toward 1.1885 Support.Else defers,for rally back toward 1.2200+
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 2nd, 1.2040
Support /2025/2000/1985/ Dollar now has Resistance at 1.2065/2080
** *** RESISTANCES *** ** & whilst this contains,yields test of Key
Resistance /2065/2080/2135/ 1.2000/1985.Otherwse rallies back to 2150
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. * EUROPEAN UPDATE * August 2nd, 1.2030
Waiting for clearer signals to yield next worthwhile trading opportunity
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,.8565 - Ozzys undergoing complex correction.Loss of Key .8450
Support extends toward .8200.Otherwise yields recovery to low/mid 8700's
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 2nd, .8565
Support /8485/8450/8400/ Aussie's recovery finds Resistance around
** *** RESISTANCES *** ** the .8570 level,for a return to Key .8450
Resistance /8515/8545/8570/ Otherwise above .8600/8615 targets .8700+
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. * EUROPEAN UPDATE * August 2nd, .8500
Selling-off well.Resistance now at .8515/8545 to extend toward Key .8450
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 2nd,.7665 - Kiwis undergoing complex correction.Loss of 7585/7535
Support extends toward .7300.Otherwise yields recovery to the mid 7800's
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 2nd, .7665
Support /7600/7585/7535/ The Kiwis recovery finds Resistance about
** *** RESISTANCES *** ** the .7680 lvl,for return to Key 7585/7535
Resistance /7625/7650/7680/ Otherwise above .7700/7730 targets .7800+
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. * EUROPEAN UPDATE * August 2nd, .7615
Selling-off well.Resistance now around mid 8500's to extend twd Key 7535
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otherwise, contained in this report.