My FX Forecasts for MAY 14th

** 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 14th, 1.2540
Support /2520/2465/2400/ The Euro's again sold-off nicely and with
** *** RESISTANCES *** ** resistance now at 1.2560/2600 looking for
Resistance /2560/2575/2600/ decline to 1.2465 enroute the mid 1.2300s
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. *SHORT TERM CALL* May 14th, 1.2545
Looking for this brief bounce to give-way to next sell-off toward 1.2465
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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
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** 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 14th, 1.1170
Support /1150/1125/1080/ Dollars rallied nicely & with support now
** *** RESISTANCES *** ** about 1.1150/1125 looking for rally onto
Resistance /1200/1230/1245/ Key 1.1245 enroute the mid/late 1.1300's.
------------------------------------------------------------------------
. *SHORT TERM CALL* May 14th, 1.1165
Support around the mid 1.1100's for rally above 1.1200 - onto Key 1.1245
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** 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 14th, 1.4635
Support /4600/4575/4480/ After yesterday's recovery Sterling has
** *** RESISTANCES *** ** sold-off well & looking for the Downtrend
Resistance /4660/4700/4720/ to extend toward 1.4480 enroute 4400/4360
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. *SHORT TERM CALL* May 14th, 1.4635
Awaiting next leg of sell-off below 1.4575 - toward the Key 1.4480 level
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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 14th, 92.80
Support /9265/9250/9225/ The Dollar's recovery appears exhausted &
** *** RESISTANCES *** ** looking for sell-off below 92.25 support
Resistance /9300/9315/9330/ toward 90.90 - enroute to Key 90.15/90.00
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. *SHORT TERM CALL* May 14th, 92.85
Looking for this brief bounce to giveway to sell-off to attack Key 92.25
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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
------------------------------------------------------------------------
** ** SUPPORTS ** *** *AUD/USD DAILY UPDATE* May 14th, .8960
Support /8935/8890/8850/ After yesterday's recovery resistance now
** *** RESISTANCES *** ** about .8980,.9010 max.for sell-off toward
Resistance /8980/9010/9025/ the mid .8800's,enroute the Key .8720 lvl
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. *SHORT TERM CALL* May 14th, .8965
Looking for this brief bounce to giveway to sell-off below 8935 twd 8850
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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 14th, .7120
Support /7110/7070/7015/ After yesterday's recovery resistance now
** *** RESISTANCES *** ** around the mid .7100's for decline toward
Resistance /7150/7165/7190/ the .7070 level,enroute to Key .7015/7000
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. *SHORT TERM CALL* May 14th, .7135
Looking for this brief bounce to giveway selloff below 7110 to 7070+7015
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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.
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