My FX Forecasts for December 15th
** EURO/US DOLLAR - MEDIUM TERM VIEW **
DEC.15th,1.2990 - The Euro's Downtrend persists and resistance at 1.3065
1.3150/3235 *max* should now contain for sell-off toward the 1.2460 lvl.
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. *EURO/USD DAILY UPDATE* DEC.15th, 1.2990
*** DAILY SUPPORTS *** Euro has sold-off to my mid 2900's target
Support /2950/2890/2830/ with no sign exhaustion & resistance now
*** DAILY RESISTANCES *** around the mid 1.3000's Downtrend extends
Resistance /3010/3040/3065/ toward the 1.2890 level - and then 1.2830
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** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
DECEMBER 15th,.9525 - The Dollar's Uptrend persists and with support at
.9480/.9335 probably extends toward the 1.0060 level over coming weeks.
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. *USD/SWISS DAILY UPDATE* DEC.15th, .9525
*** DAILY SUPPORTS *** Dollar has rallied nicely to .9525 target
Support /9505/9480/9450/ & the Outlook remains Bullish,looking for
*** DAILY RESISTANCES *** advance onto next Targets at .9600 & 9680
Resistance /9550/9580/9600/
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
DECEMBER 15th,78.05 - The Dollar is still building its complex bottoming
formation for advance beyond the 79.50 resistance level to target 83.00+
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. *USD/YEN DAILY UPDATE* DEC.15th, 78.05
*** DAILY SUPPORTS *** Dollar's recovery building nicely & still
Support /7790/7780/7765/ looking for rally beyond 78.25 resistance
*** DAILY RESISTANCES *** toward the 78.60 level - enroute to 79.00
Resistance /7825/7860/7900/
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** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
DECEMBER 15th,1.5470 - Sterling's Downtrend persists and resistance now
around the mid/late 1.5500's sell-off probably toward the 1.5000 level.
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. *GBP/USD DAILY UPDATE* DEC.15th, 1.5470
*** DAILY SUPPORTS *** Sterling has sold-off to my 1.5425 target
Support /5440/5410/5340/ and with resistance now at 1.5530/1.5560
*** DAILY RESISTANCES *** Downtrend probably extends toward my next
Resistance /5495/5535/5560/ target at the 1.5340 level.
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
DECEMBER 15th,.9900 - The Ozzy's recovery has faltered and risk favours
sell-off below November's .9665 low - toward targets then at 9300 & 9150
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. *AUD/USD DAILY UPDATE* DEC.15th, .9900
*** DAILY SUPPORTS *** Ozzy sold-off to .9890 Target Yesterday &
Support /9885/9845/9830/ with no sign of exhaustion,resistance at
*** DAILY RESISTANCES *** .9935/.9950,.9980 *max* probably contains
Resistance /9935/9950/9980/ as Downtrend next extends to .9845/.9830.
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
DECEMBER 15th,.7500 - The Kiwi's recovery has faltered and risk favours
sell-off below November's .7370 - toward targets then at .7000 and .6870
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. *NZD/USD DAILY UPDATE* DEC.15th, .7500
*** DAILY SUPPORTS *** Kiwi sold-off as anticipated Yestreday &
Support /7470/7435/7420/ with no sign of exhaustion,resistance at
*** DAILY RESISTANCES *** .7515/7540 probably contains as Downtrend
Resistance /7515/7535/7560/ extends toward .7435/.7420 enroute .7370.
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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.