My FX Forecasts for MAY 13th

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

MAY 5th,1.2985 - The Euro's Downtrend has resumed & whilst resistance at
1.3080 - 1.3200 now contains yields sell-off toward the Key 1.2340 level
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** ** SUPPORTS ** *** *EURO/USD DAILY UPDATE* May 13th, 1.2630
Support /2625/2610/2525/ The Euro's sold-off well & expecting S/T
** *** RESISTANCES *** ** recovery to give-way to the resumption of
Resistance /2660/2700/2740/ Downtrend toward Key 1.2525,enroute 2340.
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. *SHORT TERM CALL* May 13th, 1.2645
Until 1.2625/2610 support is broken,yields a recovery toward 1.2700/2740
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Daily EUR / USD

Price
USD
B
1.5145 1.53

2/ 1.5
1.4580 1.47

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

1.35

1.3440
1.32
1.3270
3/
1.29
I/
1.26

1.23

1.2

1.17

1.14
.1234
16 01 16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01 16 02 16 01
Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10

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

MAY 5th,1.1030 - The Dollar's Uptrend has resumed and whilst now holding
1.0930/1.0850 support yields advance toward 1.1600 lvl over coming weeks
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** ** SUPPORTS ** *** *USD/SWISS DAILY UPDATE* May 13th, 1.1105
Support /1060/1040/1000/ The Dollar has recovered well and further
** *** RESISTANCES *** ** corrective consolidation to give-way to
Resistance /1120/1140/1180/ the resumption of Uptrend twd Key 1.1245.
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. *SHORT TERM CALL* May 13th, 1.1100
Until 1.1120/40 resistance cleared,reaction extends toward mid 1.1000's.
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 2

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

MAY 5th,1.5135 - Sterling's probably completed its corrective recovery &
looking for the resumption of Downtrend toward 1.4200 over coming weeks.
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** ** SUPPORTS ** *** *GBP/USD DAILY UPDATE* May 13th, 1.4830
Support /4830/4815/4720/ Sterling's broad consolidation persists &
** *** RESISTANCES *** ** opportunity for recovery twd 1.4960/5000
Resistance /4900/4960/5000/ resistance - before the Downtrend resumes
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. *SHORT TERM CALL* May 13th, 1.4845
Whilst holding the low 1.4800s looking for recovery toward 1.4950/1.5000
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **

MAY 7th 90.50 - Dollar's recovery peaked at the 95.00 level & resistance
now around the 94.00 level to risk sell-off back toward Key 84.85 suport
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** ** SUPPORTS ** *** *USD/YEN DAILY UPDATE* May 13th, 93.15
Support /9300/9285/9245/ Dollars waning upside momentum persists &
** *** RESISTANCES *** ** opportunity for final rally twd 9385/9400
Resistance /9355/9385/9400/ resistance before Reversal,to yield .9090
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. *SHORT TERM CALL* May 13th, 93.15
Whilst now holding 93.00/92.85 yields rally to 93.55 then Key 93.85/9400
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

MAY 5th,.9100 - The Ozzy's Uptrend appears exhausted & cautions start of
a major corrective sell-off back toward Key 8580 support level,initially
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** ** SUPPORTS ** *** *AUD/USD DAILY UPDATE* May 13th, .8940
Support /8965/8950/8935/ The Ozzy has sold-off well but whilst now
** *** RESISTANCES *** ** holding support at 8935,.8900 max.looking
Resistance /9010/9050/9080/ for recovery back toward the mid .9000's.
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. *SHORT TERM CALL* May 13th, .8980
Support now around the mid .8900's to extend recovery onto .9010 & .9050
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

MAY 5th,.7205 - Having recovered well Kiwi now vulnerable to next leg of
its broad correction & sell-off back toward the 7000 level,then Key 6800
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** ** SUPPORTS ** *** *NZD/USD DAILY UPDATE* May 13th, .7140
Support /7150/7135/7110/ The Kiwi has sold-off well but whilst now
** *** RESISTANCES *** ** holding support at 7135,.7110 max.looking
Resistance /7190/7220/7235/ for recovery toward .7220/7235 resistance
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. *SHORT TERM CALL* May 13th, .7165
Support now about .7150/7135 to extend recovery onto .7200 & Key 7220/35
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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.