My FX Forecasts for AUGUST 12th

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

AUG.10th,1.3220 - Euro's rallied well these past weeks but now cautions
risk of exhaustion to yield corrective sell-off toward the 1.2750 level.
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. *EURO/USD DAILY UPDATE* AUG.12th, 1.2870
*** DAILY SUPPORTS *** The Euro has sold-off nicely & this minor
Support /2830/2800/2735/ recovery expected to give-way to sell-off
*** DAILY RESISTANCES *** to the 1.2800 level,enroute 1.2735/1.2720
Resistance /2915/2950/2980/
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Daily EUR / USD

Price
USD
1.5145
1.53
2/ 1.5
1.4580 1.47

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

1.3335 1.35

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

1.23

1.2145 1.2
iii/ 1.1880 1.17

v/ 1.14
5/
1.11
.1234
16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01 16 02 16 01 16 01 18
Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10

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

AUGUST 10th,1.0490 - Dollar's waning downside momentum cautions imminent
exhaustion for corrective recovery toward 1.0900 level over coming weeks
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. *USD/SWISS DAILY UPDATE* AUG.12th 1.0585
*** DAILY SUPPORTS *** The Dollars recovery is developing well &
Support /0565/0540/0500/ with support now around the mid 1.0500's,
*** DAILY RESISTANCES *** looking for the Dollar to extend recovery
Resistance /0625/0675/0700/ toward 1.0675 enroute to the mid 1.0700's
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 2

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

AUGUST 10th,1.5860 - Sterling's recovery is now vulnerable to exhaustion
and a corrective sell-off back toward the 1.5350 level over coming weeks
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. *GBP/USD DAILY UPDATE* AUG.12th, 1.5660
*** DAILY SUPPORTS *** Sterling has sold-off as anticipated and
Support /5615/5530/5465/ expecting this sell-off to extend toward
*** DAILY RESISTANCES *** the 1.5530 level enroute the mid 1.5400's
Resistance /5695/5710/5740/
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **

JULY 21st,87.25 - Whilst resistance around 89.00/89.15 contains strength
looking for resumption of Downtrend toward 84.85,enroute the 80.00 level
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. *USD/YEN DAILY UPDATE* August 12th, 85.15
*** DAILY SUPPORTS *** The Dollar's sell-off persists & looking
Support /8475/7430/8400/ for break of 85.00/84.75 support to yield
*** DAILY RESISTANCES *** next leg of Dollar's decline toward 84.00
Resistance /8530/8545/8570/
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

AUG.4th,.9130 - Ozzys rallied nicely these past weeks & Uptrend probably
extends onto .9200 target.Only a decisive break extends toward Key .9405
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. *AUD/USD DAILY UPDATE* August 12th, .8965
*** DAILY SUPPORTS *** The Ozzy's sold-off as anticipated & this
Support /8935/8900/8865/ minor recovery is expected to give-way to
*** DAILY RESISTANCES *** the next leg of sell-off toward 8900/8865
Resistance /9000/9015/9050/
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

AUG.10th,.7285 - Kiwi's recovery has stalled & whilst resistance at 7345
now caps forewarns of a sell-off back toward the .7030/.6985 suport area
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. *NZD/USD DAILY UPDATE* August 12th, .7125
*** DAILY SUPPORTS *** The Kiwi has sold-off nicely toward .7100
Support /7100/7030/6985/ and the outlook remains Bearish,expecting
*** DAILY RESISTANCES *** decline to extend twd .7030/.6985 target.
Resistance /7140/7155/7180/
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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.