My FX Forecasts for MAY 19th

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

MAY 17th,1.2365 - Euro has sold-off nicely to my 1.2340 target & remains
Bearish,looking for Downtrend to extend toward 1.1440 over coming weeks.
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** ** SUPPORTS ** *** *EURO/USD DAILY UPDATE* May 19th, 1.2190
Support /2145/2080/2000/ Euro has again soldoff nicely to new lows
** *** RESISTANCES *** ** & now opportunity for a corrective rally,
Resistance /2260/2300/2340/ before next leg of Dwntrend toward 1.2000
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. *SHORT TERM CALL* May 19th, 1.2190
Until 1.2160/2145 broken,corrective recovery extends twd 1.2300,2340 max
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Daily EUR / USD

Price
B USD

1.5145
1.52
2/
1.48
1.4580

1.44
(2)
II/
1.4220 1.3815 1.4
1.3690
1/
1.36

1.3440 1.32
1.3270
(1)
I/ 1.28

1.24

1.2

1.16

1.12

.1234
16 01 16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01 16 02 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

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

MAY 17th,1.1340 - The Dollars rallied nicely to 1.1340 & remains Bullish
looking for Uptrend to extend toward 1.1900 and 1.2300 over coming weeks
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** ** SUPPORTS ** *** *USD/SWISS DAILY UPDATE* May 19th, 1.1505
Support /1430/1400/1365/ Dollars again rallied nicely to new highs
** *** RESISTANCES *** ** and now opportunity for correction,before
Resistance /1515/1530/1600/ the resumption of Uptrend toward 1.1650.
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. *SHORT TERM CALL* May 19th, 1.1490
Until 1.1515/1.1530 cleared,corrections extends toward 1.1400,1.1365 max
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 2

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

MAY 17th,1.4525 - Sterling's sold-off nicely to 1.4480 & remains Bearish
looking for Downtrend to extend toward the 1.3500 lvl over coming weeks.
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** ** SUPPORTS ** *** *GBP/USD DAILY UPDATE* May 19th, 1.4275
Support /4265/4240/4180/ Sterling has again sold-off nicely & now
** *** RESISTANCES *** ** opportunity for a corrective rally before
Resistance /4350/4380/4420/ resumption of Downtrend twd 1.4150 & 4000
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. *SHORT TERM CALL* May 19th, 1.4280
Until 1.4265/4240 broken,corrective recovery extends twd 1.4380,4420 max
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **

MAY 7th 90.50 - Dollar's recovery peaked at the 95.00 level & resistance
now at 93.50/94.00 to yield sell-off back toward Key 84.85 support level
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** ** SUPPORTS ** *** *USD/YEN DAILY UPDATE* May 19th, 91.90
Support /9175/9155/9090/ Dollars sold-off as expected & resistance
** *** RESISTANCES *** ** now around the mid 92.00's area,yielding
Resistance /9215/9240/9265/ sell-off toward the 90.90 & 90.00 levels.
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. *SHORT TERM CALL* May 19th, 91.90
Resistance around mid 92.00's for sell-off below 91.55 to 90.90 & 90.00.
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

MAY 5th,.9100 - Uptrend exhausted and cautions start of major corrective
sell-off toward .8580 support,enroute the .8000 level over coming weeks.
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** ** SUPPORTS ** *** *AUD/USD DAILY UPDATE* May 19th, .8550
Support /8515/8480/8450/ Ozzy's again sold-off nicely & expecting
** *** RESISTANCES *** ** minor recovery today to give-way to next
Resistance /8600/8615/8640/ leg of Downtrend toward the .8480 level.
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. *SHORT TERM CALL* May 19th, .8550
Until 8515 broken,opportunity for corrective recovery back to .8600/8640
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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
correction & sell-off to the .6800 level,enroute .6500 over coming weeks
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** ** SUPPORTS ** *** *NZD/USD DAILY UPDATE* May 19th, .6855
Support /6850/6835/6800/ Kiwis again sold-off nicely and expecting
** *** RESISTANCES *** ** minor recovery today to give-way to next
Resistance /6890/6915/6950/ leg of Downtrend toward .6800 then .6750.
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. *SHORT TERM CALL* May 19th, .6855
Until .6830 broken,opportunity for corrective recovery back toward .6915
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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.