03/02/2006


My FX Forecasts for FRIDAY – February 3rd


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

January 4th,1.2015 - Euro's rallying nicely and this corrective recovery

probably extends onto Resistances at 1.2415 & 1.2590 max.before Reversal

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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* Feb.3rd, 1.2100

Support /2075/2060/2040/ Euro has recovered well and support today

** *** RESISTANCES *** ** about 1.2075/1.2060 to yield next advance

Resistance /2110/2140/2165/ toward 1.2190,enroute to the 1.2325 level

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. ** ASIAN TRADING UPDATE ** February 3rd, 1.2085

Buying Euro at 1.2080-1.2065 (Stop under 1.2040) for rally toward 1.2190

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

January 4th,1.2905 - Dollar is declining well & this corrective sell-off

probably extends toward Supports at 1.2500 & 1.2250 max.before Reversal.

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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* Feb.3rd, 1.2850

Support /2835/2820/2805/ Dollar has sold-off nicely and resistance

** *** RESISTANCES *** ** about 1.2885/1.2900 probably now contains

Resistance /2885/2900/2920/ for next sell-off toward the mid 1.2700’s

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. ** ASIAN TRADING UPDATE ** February 3rd, 1.2865

Selling Dollar at 1.2875-1.2900 (Stop at 1.2920) for sell-off twd 1.2750

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

JAN.4th,1.7465 - Sterlings recovering well & correction probably extends

toward 1.8200,1.8350 max.before Reversal for a final sell-off to 1.6000.

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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* Feb.3rd, 1.7805

Support /7780/7765/7740/ Sterlings recovered well & support is now

** *** RESIST8NCES *** ** about 1.7780/1.7760 to yield next advance

Resistance /7815/7840/7860/ toward 1.7900 enroute to the 1.8000 level

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. ** ASIAN TRADING UPDATE ** February 3rd, 1.7790

Buying Sterling at 1.7780/7760,Stop under 1.7730,for rally toward 1.7900

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

December 28th,117.40 - Dollar probably now finds Resistance about 119.00

for the resumption of Downtrend & sell-off toward 113.70,enroute 109.00.

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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* Feb.3rd, 118.50

Support /1840/1820/1785/ Dollar’s advance growing tired & look for

** *** RESISTANCES *** ** Reversal at 119.00/20,yielding corrective

Resistance /1865/1900/1920/ sell-off back toward the 117.00 level.

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. ** ASIAN TRADING UPDATE ** February 3rd, 118.55

Risks exhaustive rally above 118.65 - toward 119.00/1920 before Reversal

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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

JAN.4th,.7395 - Ozzy recovering well & probably extends onto resistances

at .7700,.7765/7810 max.before Reversal for a final sell-off toward 6800

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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* Feb.3rd, .7530

Support /7515/7500/7485/ Ozzys complex recovery remains in force &

** *** RESISTANCES *** ** Support still at .7500/.7485 to yield the

Resistance /7545/7555/7585/ next advance toward Key .7585 Resistance.

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. ** ASIAN TRADING UPDATE ** February 3rd, .7535

Support around the .7500 level,for next leg of recovery toward Key .7585

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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

JAN.4th,.6840 - Kiwi's recovering well & correction probably extends twd

Resistance at 7000,.7100 *max* before REVERSAL for sell-off toward .6150

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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* Feb.3rd, .6900

Support /6880/6860/6835/ Kiwis complex corective recovery persists

** *** RESISTANCES *** ** & support now about .6880/.6860 to extend

Resistance /6905/6920/6970/ recovery toward the 6970 Resistance level

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. ** ASIAN TRADING UPDATE ** February 3rd, .6900

Support now found about .6880,.6860 max.for the next advance toward .6970

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Disclaimer: Max McKegg & Technical Research Ltd accept no liability

for any loss or damage that may directly or indirectly result from

any advice, opinion, information or omission whether negligent or

otherwise, contained in this report.