My FX Forecasts for MAY 6th

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

MAY 5th,1.2985 - The Euro's Downtrend has resumed & whilst resisatnce at
1.3080/1.3200 now contains looking for sell-off toward Key 1.2340 level.
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** ** SUPPORTS ** *** *EURO/USD DAILY UPDATE* May 6th, 1.2810
Support /2820/2790/2700/ Euro's sold-off nicely to 1.2800 target &
** *** RESISTANCES *** ** resistance now found about 1.2900/1.2940,
Resistance /2865/2905/2940/ for resumption of Downtrend toward 1.2650
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. *SHORT TERM CALL* May 6th, 1.2840
Until 1.2815/1.2790 broken,recovery extends twd 1.2900/2940 before DOWN.
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Daily EUR / USD

Price
USD
B
1.6
c
5/ 1.56

1.5145
1.52
2/
3/ 1.48
1.4580
1.4335
1.44
4/
1/
1.4220 1.3815 1.4
1.3735 II/
1/
1.3835 1.36

4/
1.3440 1.32
I/
3/
1.28
1.2890

2/ 1.24
1.2460

b 1.2

1.16
.1234
16 02 16 01 16 01 18 01 16 01 16 03 17 01 16 01 16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01 16 02
Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010

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

MAY 5th,1.1030 - The Dollar's Uptrend has resumed and whilst now holding
1.0930/1.0850 looking for advance toward 1.1600 level over coming weeks.
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** ** SUPPORTS ** *** *USD/SWISS DAILY UPDATE* May 6th, 1.1180
Support /1140/1110/1085/ Dollar rallied nicely to my 1.1160/1.1190
** *** RESISTANCES *** ** target & after a reaction looking for the
Resistance /1185/1200/1240/ resumption of Uptrend toward 1.1330 level
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. *SHORT TERM CALL* May 6th, 1.1165
Until 1.1200 resistance cleared yields reaction to around the 1.1100 lvl
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 2

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

MAY 5th,1.5135 - Sterling's probably completed its corrective recovery &
looking for the resumption of Downtrend toward 1.4450 over coming weeks.
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** ** SUPPORTS ** *** *GBP/USD DAILY UPDATE* May 6th, 1.5090
Support /5115/5100/5070/ Sterling's sold-off well and S/T recovery
** *** RESISTANCES *** ** probably find resistance about 1.5185 for
Resistance /5170/5185/5210/ resumption of Downtrend twd 1.5000 & 4800
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. *SHORT TERM CALL* May 6th, 1.5125
Recovering toward resistance about 1.5185 level before Downtrend resumes
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **

MARCH 25th 92.15 - The Dollars recovery extending toward 9375 resistance
and once this cleared will probably herald advance toward Key 9700 level
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** ** SUPPORTS ** *** *USD/YEN DAILY UPDATE* May 6th, 93.80
Support /9365/9350/9300/ Dollar has Reversed from the 9500 level &
** *** RESISTANCES *** ** resistance now around the mid 94.00's for
Resistance /9415/9430/9450/ sell-off below 93.65/93.50 - toward 91.70
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. *SHORT TERM CALL* May 6th, 93.90
Until 93.65/93.50 broken recovery extends toward mid 94.00's before DOWN
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

MAY 5th,.9100 - The Ozzy's Uptrend appears exhausted & cautions start of
a major corrective sell-off back toward Key 8580 support level,initially
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** ** SUPPORTS ** *** *AUD/USD DAILY UPDATE* May 6th, .9060
Support /9065/9050/9020/ The Ozzy has sold-off nicely & resistance
** *** RESISTANCES *** ** now found around .9170,.9210 max.for the
Resistance /9120/9170/9210/ resumption of sell-off toward .8900 level
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. *SHORT TERM CALL* May 6th, .9080
Until .9050/.9020 broken recovery extends onto .9120 & .9170 before Down
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

MAY 5th,.7205 - Having recovered well Kiwi now vulnerable to next leg of
its broad correction & sell-off back toward the 7000 level,then Key 6800
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** ** SUPPORTS ** *** *NZD/USD DAILY UPDATE* May 6th, .7250
Support /7250/7225/7190/ Kiwi met mid .7100's target yesterday but
** *** RESISTANCES *** ** subsequent recovery is much stronger than
Resistance /7300/7325/7360/ anticipated and suggests a retest of 7325
------------------------------------------------------------------------
. *SHORT TERM CALL* May 6th, .7275
Whilst holding .7250,.7225 max.this recovery extends twd 7325 resistance
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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.