Forex Daily Forecasts - Wednesday, Oct 17th

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Oct 17, 2007 11:22 AM
Subject: My LATEST FX Forecasts for OCTOBER 17th
To: TRL <max.mckegg@trl.co.nz>

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for WEDNESDAY - OCTOBER 17th

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
October 9th,1.4050 - Euro has rallied nicely & support is now around the
1.4000 level for a resumption of Uptrend toward my next Target of 1.4570
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** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* October 17th, 1.4175
Support /4145/4115/4100/ Euro's sold-off as expected and resistance
** *** RESISTANCES ** ** is now around the 1.4200 level to yield an
Resistance /4200/4225/4240/ exhaustive decline twd 1.4115/4100 Support
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. *EUROPEAN UPDATE* October 17th, 1.4170
Looking to Buy exhaustive sell-off to about 4115,tight Stop under 1.4090
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
September 27th,115.45 - Dollar's consolidation persists & whilst holding
Support at 114.00 yields advance beyond 116.40 Resistance toward 120.00+
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* October 17th, 116.60
Support /1650/1635/1600/ Having met 116.85/116.70 corective target
** *** RESISTANCES *** ** whilst now holding Support about 116.35,
Resistance /1705/1735/1750/ looking for rally toward the mid 117.00's
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. *EUROPEAN UPDATE* October 17th, 116.60
Buying Dollar,Stop under 116.35,for rally back to 117.05,enroute 117.45.
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
October 12th,1.1810 - Dollar has sold-off well and resistance next found
around the 1.2000 level to yield a resumption of Downtrend toward 1.1550
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** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* October 17th, 1.1825
Support /1800/1785/1725/ Dollars corrective consolidation persists &
** *** RESISTANCES ** ** still threatens rally above Key 1.1880/1895
Resistance /1845/1880/1895/ Resistance for advance twd the 1.2000 level
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. *EUROPEAN UPDATE* October 17th, 1.1815
Buying Dollar,Stop & Reverse under 1.1785(25pt Stop)for next trend move.
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
September 24th,2.0210 - Sterlings Uptrend remains in force & support now
found at 2.0150/2.0075 for next advance beyond Key 2.0650 toward 2.1000+
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* October.17th, 2.0325
Support /0295/0250/0190/ Sterlings sold-off to the low 2.0300 's as
** *** RESISTANCES *** ** expected.Not convinced corection complete
Resistance /0355/0380/0435/ yet & waiting for next Buying opportunity
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. *EUROPEAN UPDATE* October 17th, 2.0325
Waiting for clearer signals to yield next worthwhile trading opportunity
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
September 24th,.8675 - Ozzys Uptrend developing well & Support now about
the 8600 level for advance toward .9130,enroute .9500 over coming months
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* October 17th, .8875
Support /8870/8850/8825/ Ozzys sold-off to my 8900 target & whilst
** *** RESISTANCES *** ** now holding .8850,.8825 *max* looking for
Resistance /8915/8950/8980/ recovery back toward the mid/late .8900's
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. *EUROPEAN UPDATE* October 17th, .8885
Staying Bullish for rally beyond .8915 Resistance - toward .8950 & .8980
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
September 24th,.7435 - Kiwis Uptrend developing well & Support now about
the mid .7300's for advance onto .7730,enroute .8100 over coming months.
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* October 17th, .7465
Support /7460/7435/7390/ Kiwi has sold-off to my 7500 target level
** *** RESISTANCES *** ** and now looking for recovery back toward
Resistance /7515/7550/7590/ Resistances around the 7550 & 7590 levels
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. *EUROPEAN UPDATE* October 17th, .7475
Support now about .7460/7435 to yield rally back to the mid/late .7500's
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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.