My FX Forecasts for AUGUST 23rd

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

AUGUST 18th,1.2865 - Having met my 1.2750 target,looking for resistance
around 1.3000 to now contain for next sell-off toward the 1.2450 level.
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. *EURO/USD DAILY UPDATE* AUG.23rd, 1.2705
*** DAILY SUPPORTS *** The Euro has sold-off well and resistance
Support /2650/2600/2560/ at 1.2735/1.2770 now contains looking for
*** DAILY RESISTANCES *** sell-off to extend toward 1.2600 & 1.2560
Resistance /2720/2735/2770/
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Daily EUR / USD

Price
USD
1.5145
1.53

2/ 1.5
1.4580 1.47

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

1.3335 1.35

1.3440 1.32
1.3270 iv/ b
3/
I/ 1.29
1.2670
a 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

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

AUGUST 18th,1.5575 - Sterling's sell-off persists & resistance now about
the 1.5750 level for next leg of decline toward 1.5350 enroute to 1.5200
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. *GBP/USD DAILY UPDATE* AUG.23rd, 1.5540
*** DAILY SUPPORTS *** Sterling's sell-off persists & resistance
Support /5500/5465/5400/ about 1.5600 lvl,1.5670 max.now contains,
*** DAILY RESISTANCES *** to extend sell-off toward the mid 1.5300s
Resistance /5570/5600/5670/
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 2

** 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 23rd, 85.65
*** DAILY SUPPORTS *** The Dollar broad corrective consolidation
Support /8550/8525/8490/ persists & resistance now at 86./00/86.40
*** DAILY RESISTANCES *** with exhaustion then heralding return to
Resistance /8590/8605/8640/ Key 84.75 enroute 84.00 over coming days.
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** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **

AUGUST 18th,1.0440 - Amidst Bullish divergences the Dollar still appears
to be forming base to launch corrective recovery toward the 1.0900 level
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. *USD/SWISS DAILY UPDATE* AUG.23rd, 1.0345
*** DAILY SUPPORTS *** Dollar's recovery persists and whilst now
Support /0330/0300/0260/ holding 1.0330/1.0300 support looking for
*** DAILY RESISTANCES *** raly toward Key 1.0470/1.0500 Resistance.
Resistance /0395/0470/0500/
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

AUG.18th,.9050 - Resistance around .9100 probably now contains strength
to yield exhaustion and sell-off back toward support at the mid .8600's.
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. *AUD/USD DAILY UPDATE* August 23rd, .8880
*** DAILY SUPPORTS *** Ozzy has sold-off well to the mid .8800's
Support /8840/8790/8740/ & resistance at .8900/.8940 probably now
*** DAILY RESISTANCES *** contains for sell-off toward next target
Resistance /8900/8915/8940/ at the .8740 level,enroute the mid 8600's
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

AUG.18th,.7115 - Having met my .7000 target,resistance around .7200 now
contains strength to yield next leg of sell-off toward the .6800 level.
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. *NZD/USD DAILY UPDATE* August 23rd, .7060
*** DAILY SUPPORTS *** Kiwi's sold-off nicely to the .7000 level
Support /7030/7000/6950/ & resistance at .7080/.7120 now contains
*** DAILY RESISTANCES *** looking for sell-off to my next target at
Resistance /7080/7100/7120/ at .6930 - enroute .6800 over coming days
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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.