31/01/2006
My FX Forecasts for TUESDAY – January 31st



. ** 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* JAN.31st, 1.2095

Support /2080/2065/2040/ Euro's decline is losing momentum arguing

** *** RESISTANCES *** ** exhaustion not far away.Support is around

Resistance /2115/2145/2160/ the 1.2000's,1.2015 max.for RVSL - 1.2200

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. ** ASIAN TRADING UPDATE ** January 31st, 1.2095

Until 1.2115 decisively broken,awaiting next Buying Opportunity in Euro.

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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* JAN.31st, 117.60

Support /1745/1730/1700/ Dollars recovery is extending toward next

** *** RESISTANCES *** ** significant Resistance about 118.20 level

Resistance /1780/1815/1835/ before exhaustion/sell-off toward 117.00.

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. ** ASIAN TRADING UPDATE ** January 31st, 117.60

Buying Dollar,with Stop under 117.30,for final advance to around 118.20.

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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* JAN.31st, 1.2865

Support /2850/2835/2815/ Dollar's rally is losing momentum arguing

** *** RESISTANCES *** ** exhaustion imminent.Resistance about 2940

Resistance /2895/2915/2940/ probably contains,for sell-off twd 1.2770

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. ** ASIAN TRADING UPDATE ** January 31st, 1.2865

Until 1.2850/1.2835 Support broken,awaiting the next Selling opportunity

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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* JAN.31st, 1.7685

Support /7650/7635/7590/ Sterling's decline is losing momentum and

** *** RESISTANCES *** ** exhaustion probably not far away,yielding

Resistance /7715/7755/7780/ rally beyond 1.7715 Resistance twd 1.7800

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. ** ASIAN TRADING UPDATE ** January 31st, 1.7685

Until 7715 decisively broken,awaiting nxt Buying Opportunity in Sterling

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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* JAN.31st, .7485

Support /7470/7445/7400/ Complex corrective consolidation persists

** *** RESISTANCES *** ** and whilst holding .7470,.7445 max.yields

Resistance /7515/7545/7560/ rally back toward Key .7560/75 Resistance

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. ** ASIAN TRADING UPDATE ** January 31st, .7485

Support found around .7470 to yield rally back above 7515 toward 7560/75

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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* JAN.31st, .6810

Support /6790/6775/6760/ Support probably found in the late 6700's

** *** RESISTANCES *** ** to yield corrective recovery toward 6900+

Resistance /6825/6850/6865/ Only below 6760 targets Key .6700,already

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. ** ASIAN TRADING UPDATE ** January 31st, .6810

Buying Kiwi about .6790 (Stop/Reverse under .6760) for 6865,enroute 6900

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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.