My FX Forecasts for JULY EURO US DOLLAR MEDIUM

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					                                      My FX Forecasts for JULY 18th


                 ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,1.3780 - Euro's rallied nicely & Support now about 1.3700/3660
to extend Uptrend toward my next Target of 1.4550/4600 over coming weeks
------------------------------------------------------------------------
*** **    SUPPORTS ** ***      *EURO/USD DAILY VIEW*   July 18th, 1.3780
Support    /3760/3735/3720/    Euro's corective consolidation persists &
** *** RESISTANCES *** **      awaiting the resumption of Uptrend beyond
Resistance /3800/3815/3860/    Key 1.3800/3815 Resistance toward 1.3900+
------------------------------------------------------------------------
.                              ** ASIAN UPDATE **      July 18th, 1.3785
Buying Euro on Break of 1.3815 (30 point Stop) for next rally to 1.3900+
------------------------------------------------------------------------

Daily EURO / US DOLLAR
                                                                                                                                                                                Price
                                                                                                                                                                                USD
                                                                                                                                                                                1.48
                                                                                                                      Wave (III) = 1.6 X Wave (I) at 1.4565
                                                                                                                                                                                1.46

                                                                                                                                                                                1.44

                                                                                                                                                                                1.42
                                                                                                                             (I)
                                                                                                                                                                                1.4
                                                                                                                         1.3680                                                 1.38
                                                                                            I/
                                                                                                                                                                                1.36
                                                                                         1.3370
                                             (1)                                                                                                                                1.34
                                                                 b
                                                                                                                                                                                1.32
                                           1.2975                                                                                  1.3270
                                                              1.2940
                                                                                                                                                                                1.3
                                                                                                                                     (II)
                                                                                                                                                                                1.28
                   1/                                                                            1.2870
                                                                                                                                                                                1.26
              1.2325                                                                                II/                                                                         1.24
                                                    1.2460                 1.2485
                                                                                                                                                                                1.22
                                                          a                  c
                                                                                                                                                                                1.2
                                                                             (2)
                                                                                                                                                                                1.18
                    1.1830
                                                                                                                                                                                1.16
 1.1640                  2/                                                                                                                                                     1.14
   B                                                                                                                                                                            1.12
                                                                                                                                                                                .1234
 Nov   Dec   Jan   Feb   Mar   Apr   May    Jun     Jul   Aug        Sep   Oct     Nov     Dec    Jan     Feb   Mar    Apr   May   Jun      Jul   Aug   Sep   Oct   Nov   Dec
  Q4 2005           Q1 2006          Q2 2006                  Q3 2006              Q4 2006                Q1 2007            Q2 2007              Q3 2007           Q4 2007




          ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,2.0340 - Sterling's rallied nicely & Support is now around the
2.0200 level extending Uptrend onto 2.1000 and 2.1500 over coming weeks.
------------------------------------------------------------------------
*** **    SUPPORTS ** ***      *GBP/USD DAILY VIEW*    July 18th, 2.0465
Support    /0450/0430/0400/    Sterling's Uptrend is developing well and
** *** RESISTANCES *** **      Support now about mid 2.0400's,2.0400 max
Resistance /0500/0530/0580/    extending rally to 2.0580,enroute 2.0650.
------------------------------------------------------------------------
.                              ** ASIAN UPDATE **      July 18th, 2.0465
Looking for advance to extend beyond the 2.0500 Resistance lvl to 2.0580
------------------------------------------------------------------------
                                               2


             ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JULY 16th,1.2025 - The Dollar has sold-off well and Resistance is now at
1.2100/1.2150 to extend Downtrend twd the 1.1400 level over coming weeks
------------------------------------------------------------------------
*** **    SUPPORTS ** ***      *USD/SWISS DAILY VIEW* July 18th, 1.2010
Support    /1990/1975/1930/    Needing Break below 1.1990/1.1975 Support
** *** RESISTANCES *** **      to herald resumption of Downtrend to 1890
Resistance /2035/2065/2080/    Else recovery nearer 2100 lvl,before DOWN
------------------------------------------------------------------------
.                              ** ASIAN UPDATE **      July 18th, 1.2010
Will Sell a break of 1.1975 Support (25pt Stop) for sell-off twd 1.1890.
------------------------------------------------------------------------



            ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 3rd,122.25 - The Dollar's reaction is seen as corrective and whilst
now finding Support about the 121.00 level,Uptrend extends toward 125.50
------------------------------------------------------------------------
*** **    SUPPORTS ** ***      *USD/YEN DAILY VIEW*    July 18th, 122.00
Support    /2200/2175/2160/    Dollar recovered well. Whilst now holding
** *** RESISTANCES *** **      Support at 122.00,121.75 max.yields rally
Resistance /2225/2240/2260/    onto Key 122.60.Else risks test of 121.00
------------------------------------------------------------------------
.                              ** ASIAN UPDATE **      July 18th, 122.00
To maintain recovery potential must hold 122.00/121.75.Else risks 121.00
------------------------------------------------------------------------



          ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,.8700 - Ozzy's rallied nicely & support now around mid .8600's
extending Uptrend toward next targets of .9000 & .9250 over coming weeks
------------------------------------------------------------------------
*** **    SUPPORTS ** ***      *AUD/USD DAILY VIEW*     July 18th, .8725
Support    /8710/8690/8665/    Ozzy's consolidation persists and Support
** *** RESISTANCES *** **      now around .8700,looking for a resumption
Resistance /8750/8765/8800/    of Uptrend beyond Key 8750/65 toward 8840
------------------------------------------------------------------------
.                              ** ASIAN UPDATE **       July 18th, .8720
Buying Ozzy (Stop under .8685) for rally above Key 8750/65 toward .8800+
------------------------------------------------------------------------



         ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,.7860 - Kiwi's rallied nicely & Support now around .7800 level
to extend Uptrend toward next targets of .8150 & .8400 over coming weeks
------------------------------------------------------------------------
*** **    SUPPORTS ** ***      *NZD/USD DAILY VIEW*     July 18th, .7890
Support    /7885/7850/7820/    Kiwi correcting as expected toward suport
** *** RESISTANCES *** **      around .7885,giving-way to resumption of
Resistance /7900/7915/7940/    Uptrend beyond Key 7915/7940 toward .8000
------------------------------------------------------------------------
.                              ** ASIAN UPDATE **       July 18th, .7890
Support around .7885 for imminent Reversal.Else 7850,7820 max.before UP.
------------------------------------------------------------------------


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.

				
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