My FX Forecasts for July 23rd
** EURO/US DOLLAR - MEDIUM TERM VIEW **
June 22nd,1.2550 - Euro's sharp rejection from 1.2745 resistance signals
the probable resumption of Downtrend & sell-off toward the 1.2000 level.
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. *EURO/USD DAILY UPDATE* July 23rd, 1.2125
*** DAILY SUPPORTS *** The Euro's Downtrend has resumed and with
Support /2100/2070/2045/ resistance now at 1.2150/1.2180 looking
*** DAILY RESISTANCES *** for decline to extend toward 1.2070/2045,
Resistance /2150/2180/2200/ enroute to my 1.2000 Medium Term Target.
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** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
June 22nd,.9570 - Dollar's strong recovery from the .9425 Support level
signals the probable resumption of Uptrend & next advance toward Parity.
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. *USD/SWISS DAILY UPDATE* July 23rd, .9905
*** DAILY SUPPORTS *** The Dollar's Uptrend has resumed and with
Support /9890/9860/9845/ support now at 9890/9860 looking for this
*** DAILY RESISTANCES *** advance to extend toward the mid .9900's,
Resistance /9935/9950/9975/ enroute to my 1.0000 Medium Term Target.
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** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
July 13th,1.5585 - Sterling's sell-off met my 1.5450 target & whilst now
holding support at 1.5460/5400 yields advance toward 1.5775,then 1.6000+
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. *GBP/USD DAILY UPDATE* July 23rd, 1.5620
*** DAILY SUPPORTS *** Sterling's advance peaked at 1.5735 & now
Support /5595/5560/5520/ undergoing corrective reaction.Resistance
*** DAILY RESISTANCES *** 1.5650/1.5690 today contains for sell-off
Resistance /5650/5675/5690/ toward support in the low 1.5500's.
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
July 23rd,78.50 - Dollar's decline persists & Resistance at 79.15/79.50
now the Key.Whilst this contains,sell-off extends toward the low 77.00's
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. *USD/YEN DAILY UPDATE* July 23rd, 78.45
*** DAILY SUPPORTS *** The Dollar's decline persist & resistance
Support /7825/7800/7770/ now about 78.65,79.00/15 max.for the next
*** DAILY RESISTANCES *** leg of Dollars sell-off toward 7770 level
Resistance /7865/7900/7915/
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
July 16th,1.0235 - Ozzys decline from 1.0330 appears corrective & whilst
holding suport at 1.0150/1.0000 yields advance toward 1.0460,then 1.0685
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. *AUD/USD DAILY UPDATE* July 23rd, 1.0365
*** DAILY SUPPORTS *** Aussie's reaction is deeper than expected
Support /0350/0380/0365/ & resistance now at 1.0390/1.0415.Whilst
*** DAILY RESISTANCES *** this contains yields test of 1.0300 level
Resistance /0390/0415/0445/
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
July 16th,.7975 - The Kiwi's sell-off from .8075 appears corrective and
whilst holding support at .7920/7860 yields advance toward .8190 & .8320
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. *NZD/USD DAILY UPDATE* July 23rd, .7980
*** DAILY SUPPORTS *** Kiwis reaction is deeper than anticipated
Support /7955/7935/7920/ and resistance now at .8000/.8025.Whilst
*** DAILY RESISTANCES *** this contains yields a test of low 7900's
Resistance /8000/80209/8055/
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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 report.