My FX Forecasts for APRIL 23rd

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

APRIL 23rd,1.3270 - Euro's corrective recovery proved less than expected
& already given-way to resumption of Downtrend to toward 1.2800 & 1.2450
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** ** SUPPORTS ** *** *EURO/USD DAILY UPDATE* April 23rd, 1.3270
Support /3200/3170/3150/ The Euro has sold-off to 1.3265 target &
** *** RESISTANCES *** ** looking for this decline to extend toward
Resistance /3245/3260/3290/ the mid 1.3100's,enroute the 1.3000 level
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. *SHORT TERM CALL* April 23rd, 1.3225
Resistance around mid 3200s.Looking for Break below 1.3200 toward 1.3150
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Daily EUR / USD

Price
USD
B
1.6
c
5/ 1.56

1.5145
1.52
2/
3/ 1.48
1.4580
1.4335
1.44
4/
1/ (2)
1.4220 1.3815 1.4
1.3735 1.3690
1/
1.3835 1.36

4/
1.3440 1.32
1.3265
3/
(1) 1.28
1.2890
2/ 1.24
1.2460

b 1.2

1.16
.1234
16 02 16 02 16 01 16 01 18 01 16 01 16 03 17 01 16 01 16 02 16 01 16 01 18 01 16 01 16 01 16 03 17 01 16 01
Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010

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

APRIL 23rd,1.0790 - Dollars corrective sell-off less than expected & has
already given-way to the resumption of Uptrend toward 1.1150 and 1.1500.
------------------------------------------------------------------------
** ** SUPPORTS ** *** *USD/SWISS DAILY UPDATE* April 23, 1.0790
Support /0815/0800/0760/ The Dollar's rallied to 1.0785 target and
** *** RESISTANCES *** ** looking for advance to extend toward the
Resistance /0850/0870/0900/ mid 1.0800's,enroute Key 1.0900 & beyond.
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. *SHORT TERM CALL* April 23rd, 1.0830
Support now about 1.0815/1.0800 for rally to 1.0870 and Key 1.0900 level
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 2

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

APRIL 6th,1.5250 - Sterling's recovery from 1.4800 target level persists
& looking for corrective recovery to extend twd 1.5800 over coming weeks
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** ** SUPPORTS ** *** *GBP/USD DAILY UPDATE* APRIL 23rd, 1.5350
Support /5290/5265/5240/ Sterling's reacted as anticipated but now
** *** RESISTANCES *** ** yields further weakness and sell-off back
Resistance /5350/5365/5400/ toward the mid 1.5200s,enroute Key 1.5190
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. *SHORT TERM CALL* April 23rd, 1.5335
Looking for Sterling to extend its selloff toward the mid 1.5200's today
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** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **

MARCH 25th 92.15 - Dollar's recovery extending toward 93.75 resistance &
once this cleared will herald advance toward Key 97.00,then onto 101.50.
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** ** SUPPORTS ** *** *USD/YEN DAILY UPDATE* APRIL 23rd, 93.50
Support /9340/9325/9310/ The Dollar has rallied nicely and looking
** *** RESISTANCES *** ** for this advance to now extend toward the
Resistance /9370/9400/9425/ 94.00 level,enroute Key 94.80 resistance
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. *SHORT TERM CALL* April 23rd, 93.55
Support is now about 93.40/9325 to extend advance toward the 94.00 level
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** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

MARCH 29th,.9040 - Having corrected back to the .9000 level,whilst this
now holds,looking for resumption of recovery toward Key .9405 Resistance
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** ** SUPPORTS ** *** *AUD/USD DAILY UPDATE* APRIL 23rd, .9240
Support /9225/9200/9160/ Aussie's reaction has tested mathematical
** *** RESISTANCES *** ** support and needs to hold .9200/.9160 to
Resistance /9260/9290/9305/ maintain recovery potential,for 9340+9405
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. *SHORT TERM CALL* April 23rd, .9240
Key support now at 9200.Below this will risk test/break of 9160,for 9100
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** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **

April 7th,.7050 - Kiwi still lies within a broad,complex correction and
whilst now holding .7000/6965 opportunity for recovery toward 7300 level
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** ** SUPPORTS ** *** *NZD/USD DAILY UPDATE* APRIL 23rd, .7090
Support /7075/7050/7030/ The Kiwi's broad corrective consolidation
** *** RESISTANCES *** ** persists and trend-channel support today
Resistance /7100/7115/7140/ lies around the .7030 level.
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. *SHORT TERM CALL* April 23rd, .7090
Resistance now at .7100/.7115 to yield drift toward Key 7030 Support lvl
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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.