Forex Daily Forecasts - Tuesday, Sep 4th

From: Max McKegg - Technical Research Limited
Date: Sep 4, 2007 11:42 AM
Subject: My LATEST FX Forecasts for SEPTEMBER 4th
To: TRL

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for TUESDAY - SEPTEMBER 4th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
August 27th,1.3670 - Having met my mid 1.3600's target,Support now found
about 1.3550 /3500 for the resumption of Uptrend toward the 1.4000 level.
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* SEPT.4th, 1.3625
Support /3590/3565/3540/ Euros still vulnerable to deeper reaction
** *** RESISTANCES *** ** toward 1.3550,3500 max.before resumption
Resistance /3635/3655/3685/ of Uptrend beyond Key 1.3685 toward 3850+
------------------------------------------------------------------------
. * EUROPEAN UPDATE * SEPT.4th, 1.3615
Want to Buy Euro at 1.3550/3515 (30pt Stop) for next advance twd 1.3850.
------------------------------------------------------------------------

. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
August 27th,116.35 - Having met my mid 116.00s target,whilst now finding
Support about 113.70 recovery extends toward the 119.50 Resistance level
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* SEPT.4th, 116.00
Support /1570/1550/1490/ Dollars corrective consolidation persists
** *** RESISTANCES *** ** and threatens a sell-off back toward the
Resistance /1600/1625/1660/ mid 114.00's,before the recovery resumes.
------------------------------------------------------------------------
. * EUROPEAN UPDATE * SEPT.4th, 115.90
Whilst 116.00/116.25 contains,yields a sell-off toward the mid 114.00's.
------------------------------------------------------------------------

. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
August 27th,2.0135 - Having met 2.0100 target level,Support is now about
the mid 1.9900s for resumption of Uptrend to the 2.0650 Resistance level
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* SEPT.4th, 2.0185
Support /0140/0110/0050/ GBP's still vulnerable to deeper reaction
** *** RESISTANCES *** ** back toward mid 2.0000's,9950 max.before
Resistance /0200/0220/0235/ the resumption of Uptrend toward 2.0400+.
------------------------------------------------------------------------
. * EUROPEAN UPDATE * SEPT.4th, 2.0185
Waiting for a correction to yield my next Buying opportunity on Sterling
------------------------------------------------------------------------

. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
AUGUST 29th,1.2010 - The Dollar's sell-off appears merely corrective and
whilst now holding 1.1965,yields rally back toward Key 1.2215 Resistance
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* SEPT.4th, 1.2090
Support /2065/2035/1990/ The Dollar's recovery persists and support
** *** RESISTANCES *** ** now about 1.2065/1.2035 to extend recovery
Resistance /2110/2125/2180/ above Key 2110/2125 Resistance toward 2215
------------------------------------------------------------------------
. * EUROPEAN UPDATE * SEPT.4th, 1.2090
Support at 1.2065/1.2035 for rally above 1.2110/2125 Resistance twd 2215
------------------------------------------------------------------------

. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
August 28th,.8265 - The Ozzy's recovery persists and after a correction,
will probably extend to the .8660/8720 Resistance area over coming weeks
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* SEPT.4th, .8245
Support /8225/8190/8165/ Ozzys rallied nicely & support now around
** *** RESISTANCES *** ** .8190,.8160 max.for resumption of advance
Resistance /8275/8300/8335/ onto .8335 enroute 8400+ over coming days
------------------------------------------------------------------------
. * EUROPEAN UPDATE * SEPT.4th, .8245
Will Buy Ozzy on any reaction to 8190/8165 (30pt Stop) for rally to 8335
------------------------------------------------------------------------

. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
August 27th,.7225 - The Kiwi's recovery persists and after a correction,
will probably extend onto the .7500/50 Resistance area over coming weeks
------------------------------------------------------------------------
*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* SEPT.4th, .7035
Support /7005/6990/6950/ Kiwi's corective consolidation persists &
** *** RESISTANCES *** ** Support is now around the mid .6900's for
Resistance /7075/7100/7150/ rally beyond Key .7075/7100 - toward 7275
------------------------------------------------------------------------
. * EUROPEAN UPDATE * SEPT.4th, .7025
Buying Kiwi around mid .6900's or upon a Break above .7075 (30pt Stops).
------------------------------------------------------------------------


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.