Daily Market Comments - Wednesday 27 May 2009

[RTFX-Trading]

EUR-USD	It should test 1.4072 area after which a sell off down to 1.3889 or extended to 1.3793 area is expected.
USD-CHF	It looks more likely that it would rise to 1.0905 - 1.0971 from 1.0826 or 1.0793. After which a downside move is expected.
GBP-USD	It should trade higher to 1.6003 or above 1.6082 in extention. Supports at 1.5852 and 1.5812. Stop loss below 1.5700 zone.
USD-JPY	It should try higher up to 95.0800 - 95.2700. Entry point 94.8900 or 94.7650. After this rise, a correction is expected.
EUR-JPY	It may attempt a test higher to 133.0900 - after which weakness may set it to a drift down to 131.8100 limit.
EUR-CHF	Market should hold major support at 1.5121 before rising towards 1.5185 or even 1.5212 limit.
EUR-GBP	Current fall is near an end of wave around 0.8754 zone, a rally should then procede to above 0.8809. Fall below 0.8727 would cancel this scenario.
USD-CAD	It looks more likely that it would rise to 1.1294 - 1.1423 from 1.1161 or 1.1096. After which a downside move is expected.
NZD-USD	It should trade higher to 0.6307 or above 0.6370 in extention. Supports at 0.6169 and 0.6137. Stop loss below 0.6030 zone.
AUD-USD	It should trade higher to 0.7929 or above 0.7996 in extention. Supports at 0.7782 and 0.7749. Stop loss below 0.7636 zone.
XAG-USD	It should test 14.7500 area after which a sell off down to 14.3567 or extended to 13.8967 area is expected.
XAU-USD	It should test 957.1699 area after which a sell off down to 941.1602 or extended to 930.4301 area is expected.

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