Forex Daily Forecasts - Tuesday, Oct 23rd

: Max McKegg - Technical Research Limited
Date: Oct 23, 2007 11:27 AM
Subject: My LATEST FX Forecasts for OCTOBER 23rd
To: TRL

To View Forecasts in PDF Form, Click on Attachment




My FX Forecasts for TUESDAY - OCTOBER 23rd

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
October 23rd,1.4180 - Euro has rallied nicely & support is probably next
found at 1.4000 /1.3950 for resumption of Uptrend toward the 1.4750 level
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** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* October 23rd, 1.4180
Support /4175/4160/4125/ The Euro's undergoing a correction,finding
** *** RESISTANCES ** ** resistance about the mid 1.4200's for next
Resistance /4215/4245/4265/ leg of corrective sell-off toward 1.4000.
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. *EUROPEAN UPDATE* October 23rd, 1.4200
Euros recoverying toward Resistance around the mid 1.4200's.Then Selling
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
October 23rd,1.1775 - Dollar now finds Support around 1.1720,1.1675 max.
to yield corrective recovery back toward Resistances at 1.1900 & 1.2000 .
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** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* October 23rd, 1.1775
Support /1735/1720/1700/ Dollar is undergoing a corrective recovery
** *** RESISTANCES ** ** & support probably found around 1.1720 for
Resistance /1785/1815/1850/ next leg of Dollar's advance toward 1.1900
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. *EUROPEAN UPDATE* October 23rd, 1.1775
Support found around 1.1720 for next leg of recovery toward 1.1900 level
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
October 23rd,2.0325 - Sterling's rallied well & support is probably next
found around the 1.9950 level for a resumption of Uptrend toward 2.1000.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* October.23rd, 2.0325
Support /0320/0300/0260/ Sterlings undergoing a correction,finding
** *** RESISTANCES ** ** resistance about the mid 2.0400s for next
Resistance /0410/0435/0450/ leg of corrective sell-off toward 2.0100.
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. *EUROPEAN UPDATE* October 23rd, 2.0360
Sterlings recovering toward Resistance about 2.0435/0450 before Reversal
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
October 23rd,114.50 - Dollar finds Resistance around 115.75 ,116.20 max.
to yield decline below Key 113.25 toward 111.60 enroute the 109.00 level
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* October 23rd, 114.50
Support /1425/1400/1350/ Dollar recovering well toward Resistances
** *** RESISTANCES ** ** around 115.00,115.75 max.before Reversal,
Resistance /1490/1505/1575/ for return to the Key 113.25 Suport level
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. *EUROPEAN UPDATE* October 23rd, 114.60
Still opportunity for recovery to extend to next Resistance about 115.00
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
October 23rd,.8880 - Ozzy's rallied nicely But resistance probably found
at .8950/8995 to risk a corrective sell-off below Key .8750 toward .8500
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* October 23rd, .8880
Support /8860/8810/8750/ Ozzys recovering well & probably extends
** *** RESISTANCES ** ** toward the .8950/.8995 Resistance area
Resistance /8915/8950/8995/ before exhaustion,for return to Key 8750
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. *EUROPEAN UPDATE* October 23rd, .8900
Ozzy recovering well twd Resistance about mid 8900's before risk of RVSL
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
OCT.23rd,.7480 - Kiwi has rallied nicely to 7730 But resistance found at
.7560,.7630 max.to risk corrective sell-off below Key .7365 toward .7100
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* October 23rd, .7480
Support /7470/7420/7365/ Kiwis recovering well & probably extends
** *** RESISTANCES ** ** toward Resistance around the mid .7500's
Resistance /7545/7560/7630/ before exhaustion,for return to Key 7365
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. *EUROPEAN UPDATE* October 23rd, .7510
Kiwi recovering well toward Resistance around .7560 before risk of RVSL.
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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.