My FX Forecasts for JULY 29th

** EURO/US DOLLAR - MEDIUM TERM VIEW **

JULY 28th,1.2980 - The Euro has rallied well but waning upside momentum
cautions exhaustion probably near & looking for Reversal at 1.3100/3150.
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. *EURO/USD DAILY UPDATE* July 29th, 1.2990
*** DAILY SUPPORTS *** Euros consolidation persists and probably
Support /2985/2970/2950/ gives-way to a climactic rally to around
*** DAILY RESISTANCES *** the 1.3100 level before Reversal,to yield
Resistance /3045/3090/3115/ swift sell-off back toward the mid 2700's
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Daily EUR / USD

Price
USD
B
1.5145 1.53

2/ 1.5
1.4580 1.47

1.44
4/
1.4220 II/ 1.41
1.3815
1.3690 1.38
1/

1.35

1.3440
1.32
1.3270 iv/
3/
I/ 1.29
1.2670
1.26

1.23

1.2145 1.2
iii/ 1.1880 1.17
v/
1.14
5/
.1234
17 01 16 01 16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01 16 02 16 01 16 01
Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10

** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **

JULY 26th,1.0525 - Dollars waning downside momentum forewarns exhaustion
imminent,yielding corrective recovery toward the 1.0900 & 1.1200 levels.
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. *USD/SWISS DAILY UPDATE* July 29th, 1.0565
*** DAILY SUPPORTS *** Dollar's continuing to form platform for
Support /0540/0490/0450/ a major recovery.Support at 1.0490/1.0450
*** DAILY RESISTANCES *** for rally above 1.0600/40 resistance onto
Resistance /0585/0600/0640/ 1.0700 enroute to 1.0900 over coming days
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 2

** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **

JULY 19th,1.5265 - Sterlings Uptrend persists and with support now about
1.5150/1.5100 Uptrend probably extends toward 1.5700 - before exhaustion
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. *GBP/USD DAILY UPDATE* July 29th, 1.5600
*** DAILY SUPPORTS *** Sterlings upside momentm waning & advance
Support /5575/5550/5510/ now mature.Until the mid 1.5500's broken,
*** DAILY RESISTANCES *** can test 1.5700 lv lbefore RVSL - 1.5150.
Resistance /5640/5690/5720/
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **

JULY 21st,87.25 - Whilst resistance around 89.00/89.15 contains strength
argues for resumption of Downtrend toward 84.85 and then the 82.50 level
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. *USD/YEN DAILY UPDATE* July 29th, 87.40
*** DAILY SUPPORTS *** The Dollars broad corective consolidation
Support /8700/8685/8630/ persists.Support at 87.00/86.85 now Key &
*** DAILY RESISTANCES *** once this broken will probably herald the
Resistance /8770/8810/8850/ resumption of Downtrend to 8630 then 8485
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

JULY 21st,.8815 - Ozzy's corrective recovery persists & looking for this
recovery to extend toward the mid .9100's,then REVERSAL for .8650 & 8315
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. *AUD/USD DAILY UPDATE* July 29th, .8925
*** DAILY SUPPORTS *** Aussie's found support about .8900 target
Support /8900/8860/8800/ to enable a recovery toward resistance in
*** DAILY RESISTANCES *** the low 9000's.M/T recovery is now mature
Resistance /8980/9015/9070/
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

JULY 21st,.7155 - Kiwi's corrective recovery persists & looking for this
recovery to extend to toward mid .7400's,then REVERSAL for .7050 & .6800
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. *NZD/USD DAILY UPDATE* July 29th, .7225
*** DAILY SUPPORTS *** Kiwi's sell-off significant & 7400 may be
Support /7200/7160/7100/ Medium Term RVSL,already.Not yet confirmd
*** DAILY RESISTANCES *** & resistance now formidable at .7300/7340
Resistance /7260/7300/7340/
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Disclaimer: Max McKegg & Technical Research Ltd accept no liability whatsoever for any
loss or damage that may result, directly or indirectly, from any forecast, comment or
opinion, information or omission, whether negligent or otherwise, within this forecast.