My FX Forecasts for JULY 5th

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

JULY 2nd,1.2510 - Having reacted as anticipated,the Euro has now resumed
its recovery for advance toward the 1.2750 and 1.3050/1.3150 resistances
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. *EURO/USD DAILY UPDATE* July 5th, 1.2560
*** DAILY SUPPORTS *** The Euros recovery is now vulnerable to a
Support /2530/2485/2440/ correction & sell-off back toward 1.2440,
*** DAILY RESISTANCES *** the low/mid 1.2300s max.before exhaustion
Resistance /2575/2590/2610/ & the resumption of recovery onto 1.2750.
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Daily EUR / USD

Price
B USD

1.5145 1.53

2/ 1.5
1.4580 1.47

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

1.35

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

1.23

1.2145 1.2
iii/ 1.1880 1.17
v/
1.14
5/
.1234
01 16 01 16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01 16 02 16 01 16
Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10

** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **

JUNE 21st,90.80 - Dollars broad consolidation persists and resistance at
92.00/92.90 probably contains for sell-off toward Key 84.80 & then 81.00
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. *USD/YEN DAILY UPDATE* July 5th, 87.80
*** DAILY SUPPORTS *** Having sold-off nicely to the 87.00 level
Support /8760/8735/8700/ looking for this corrective consolidation
*** DAILY RESISTANCES *** to give-way to a resumption of Downtrend
Resistance /8800/8820/8850/ below 87.35/87.00 toward the mid 85.00's.
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 2

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

JULY 2nd,1.5150 - Sterling's recovery persists & with support now around
the 1.5000 level,looking for advance to extend toward 1.5700 resistance.
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. *GBP/USD DAILY UPDATE* July 5th, 1.5195
*** DAILY SUPPORTS *** Sterlings recovery is now vulnerable to a
Support /5165/5150/5100/ correction & sell-off back toward 1.5100,
*** DAILY RESISTANCES *** & even nearer 1.5000 support level before
Resistance /5210/5230/5260/ the resumption of recovery toward 1.5525.
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** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **

JULY 2nd,1.0615 - Dollar sell-off much stronger than expected & probably
extends to 1.0435 enroute a deeper retest of last November's .9915 low.
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. *USD/SWISS DAILY UPDATE* July 5th, 1.0635
*** DAILY SUPPORTS *** Having sold-off to 1.0600 target,Dollar's
Support /0625/0600/0580/ probably undergoing corection back toward
*** DAILY RESISTANCES *** the mid 1.0700's,low 1.0800's max.before
Resistance /0680/0700/0750/ the resumption of Downtrend toward 1.0435
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

JUNE 21st,.8815 - Ozzy's recovery from .8070 impressive but looking for
the high .8000's to now contain yielding a Reversal & sharp retracement.
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. *AUD/USD DAILY UPDATE* July 5th, .8415
*** DAILY SUPPORTS *** Ozzy's sold off well from around my .8500
Support /8390/8350/8315/ corrective target & looking for sell-off
*** DAILY RESISTANCES *** below .8390 - toward Key .8315,enroute to
Resistance /8430/8450/8490/ support in late .8100's before exhaustion
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

JUNE 21st,.7120 - Kiwi's recovery from .6570 impressive but looking for
the low .7000's to now contain yielding a Reversal and sharp retracement
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. *NZD/USD DAILY UPDATE* July 5th, .6890
*** DAILY SUPPORTS *** Kiwi's sold off well from around my .6960
Support /6870/6840/6790/ corrective target & whilst resistance at
*** DAILY RESISTANCES *** .6935/.6970 contains looking for sell-off
Resistance /6910/6935/6970/ toward the low .6700's before exhaustion.
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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.