FX Forecasts for Wednesday - Aug 22nd
From: Max McKegg - Technical Research Limited
Date: Aug 22, 2007 12:30 PM
Subject: My LATEST FX Forecasts for AUGUST 22nd
To: TRL
. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,1.3475 - Euro's correcting as anticipated and Resistance now
around the mid 1.3600's to yield a sell-off back toward the 1.2900 level
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* August 22nd, 1.3465
Support /3450/3430/3375/
** *** RESISTANCES *** ** and whilst holding 1.3430 yields another
Resistance /3500/3520/3545/ leg of Euros recovery toward mid 1.3600's
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.
Buying Euro (tight stop under 1.3430) for rally beyond 1.3545 to 1.3600+
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,1.9815 - Sterling's correcting as anticipated and Resistance
now lies around the 2.0100 level to yield a sell-off back toward 1.8850 .
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* August 22nd, 1.9815
Support /9785/9750/9650/
** *** RESISTANCES *** ** and whilst holding 1.9750 yields another
Resistance /9870/9905/9935/ leg of Sterling's recovery toward 2.0000+
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Buying Sterling,tight Stop under 9750,for rally above 1.9935 to 2.0000+
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
AUGUST 20th,114.35 - Having sold-off nicely Resistance next found around
the mid 116.00's to yield next leg of Dollars sell-off toward 109.00 lvl
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* August 22nd, 114.30
Support /1400/1350/1315/
** *** RESISTANCES *** ** holding 114.00 yields next advance toward
Resistance /1480/1525/1550/ mid 116.00'sElse defers & 113.50,1315 max
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Whilst now holding 114.00 yields imminent RVSL/Rally back toward 115.50+
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 21st,1.2055 - Dollar has met 1.2200 and whilst resistance around
the mid 1.2100's now contains yields sell-off back toward the 1.1900 lvl
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* August 22nd, 1.2065
Support /2050/2035/2015/ Dollar's recovery persists and Support now
** *** RESISTANCES *** ** about 1.2050/1.2035 for rally beyond 2090
Resistance /2090/2135/2150/ toward Resistance around the mid 1.2100's.
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.
Suport about 1.2050/1.2035 for rally beyond 1.2090 toward the mid 2100's
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.7985 - Ozzy's sold-off well & whilst now finding Resistance
around the .8200 level yields further corrective weakness toward .7500.
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* August 22nd, .7995
Support /7955/7890/7830/
** *** RESISTANCES *** ** forwarning a resumption of Uptrend above
Resistance /8040/8095/8160/ 8060/8095 Resistance toward the .8200 lvl
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.
Buying Ozzy with tight Stop under .7955,for the next rally toward .8095+
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
AUGUST 20th,.6965 - Kiwi's sold-off well & whilst now finding Resistance
around mid .7100's yields further corrective weakness toward .6500 level
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* August 22nd, .6915
Support /6890/6830/6785/
** *** RESISTANCES *** ** for rally back above .6950/85 Resistance
Resistance /6950/6985/7030/ to herald next leg of recovery twd .7100.
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..
Looking for rally above .6950/6985 to herald rally back to .7030 & .7100
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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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