My FX Forecasts for JUNE 7th

** 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* June 7th, 1.1920
Support /1885/1850/1800/ Euro's consolidation has given-way to the
** *** RESISTANCES *** ** resumption of Downtrend as anticipated &
Resistance /1940/1970/2020/ looking for sell-off twd the 1.1650 level
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. *Short Term Outlook* June 7th, 1.1910
Awaiting the next sell-off below 1.1885 support toward the 1.1800 level.
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Daily EUR / USD
Price
B USD

1.5145
1.52
2/
1.4580 1.48

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

1.3440 1.32
1.3270
(1) iv/
I/ 1.28

1.24

1.2145 1.2

iii/ 1.16

1.12

1.08

1.04
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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

Weekly EUR / USD

Price
USD
C
1.65
1.6040 B or 2/
1.6
c
1.5145 1.55

a 1.5
A 1.45

1.3665 1.4

1.35

1.3

1.25

b 1.2
1.2340
1.15
1.1645
A or 1/
Wave Equality = 1.1440 1.1

B 1.05

1
1.618 Wave Extension = .9160
0.95

Head & Shoulders Objective = .8880 0.9

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2004 2005 2006 2007 2008 2009 2010 2011
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** 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* June 7th, 1.1640
Support /1620/1590/1565/ Having completed correction on Friday the
** *** RESISTANCES *** ** Dollar's resumed Uptrend for advance onto
Resistance /1665/1695/1730/ 1.1730 - enroute my next target at 1.1900
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. *Short Term Outlook* June 7th, 1.1640
Awaiting next rally above 1.1665 - onto 1.1695 and then the 1.1730 level
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** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **

JUNE 3rd,1.4640 - GBP's corrective recovery probably finds resistance at
1.4950/1.5050 for resumption of Dwntrend toward 1.3750 over coming weeks
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** ** SUPPORTS ** *** *GBP/USD DAILY UPDATE* June 7th, 1.4440
Support /4400/4350/4320/ Sterling has resumed Downtrend & looking
** *** RESISTANCES *** ** for sell-off toward the low/mid 1.4300's,
Resistance /4450/4480/4520/ enroute the 1.4235 support level & below.
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. *Short Term Outlook* June 7th, 1.1435
Awaiting the next sell-off below 1.4400 support toward the 1.4320 level.
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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* June 7th, 91.15
Support /9090/9060/9000/ Having prob.completed corrective recovery
** *** RESISTANCES *** ** looking for the resumption of Downtrend &
Resistance /9135/9150/9180/ sell-off toward 90.00 - enroute Key 89.00
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. *Short Term Outlook* June 7th, 91.10
Looking for sell-off to the Key 90.60 suport level,then extends to 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 back to .8580 support,enroute the .7350 level over coming weeks
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** ** SUPPORTS ** *** *AUD/USD DAILY UPDATE* June 7th, .8130
Support /8100/8070/8000/ The Ozzys resumed Downtrend & looking for
** *** RESISTANCES *** ** sell-off to my next target at .8000 level
Resistance /8160/8200/8250/ enroute the mid .7700's over coming days.
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. *Short Term Outlook* June 7th, .8120
Looking for test of the .8070 support level,enroiute to my .8000 target.
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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 .6800,enroute the .6000 level over coming weeks
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** ** SUPPORTS ** *** *NZD/USD DAILY UPDATE* June 7th, .6650
Support /6625/6600/6565/ The Kiwi has resumed Downtrend & looking
** *** RESISTANCES *** ** for this sell-off to retest .6565 support
Resistance /6660/6680/6710/ enroute to .6450 & .6300 over coming days
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. *Short Term Outlook* June 7th, .6630
Looking for a test of the .6600 level & then the Key .6565 support level
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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.