Daily Market Comments - Thursday 28 May 2009

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.3764. After this move down it should go up to 1.3943 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0944 or 1.0973 if support around 1.0892 hold. After which a pullback to 1.0892 - 1.0871 zone is possible.
GBP-USD	Resistances lie around 1.6020 and 1.6051. It should test lower towards 1.5889 zone. A clear break of 1.5849 would be bearish.
USD-JPY	Currently uptrend should end around 95.4200 - 95.6733 area. A correction down to below 94.8333 is expected. A rise above 96.0067 will abort the expected correction.
EUR-JPY	Prefer a fall to 131.8100 or 131.2433. Then a correction to 132.6600 is anticipated. A clear break of 130.6767 is again bearish.
EUR-CHF	It looks set to visit further lower territory down to around 1.5112 - 1.5092. Its corrective attempts should fail ahead of 1.5143 or 1.5154. Stop loss above 1.5194 zone.
EUR-GBP	Market should not go lower than 0.8598. After this move down it should go up to 0.8749 area.
USD-CAD	It should test 1.1371 area after which a sell off down to 1.1144 or extended to 1.1054 area is expected.
NZD-USD	null
AUD-USD	Support at 0.7754 or 0.7708 should hold. Then a correction to above 0.7940 is anticipated. A clear break of 0.7660 is again bearish.
XAG-USD	Currently uptrend should end around 14.8800 - 15.0367 area. A correction down to 14.5800 - 14.4367 is expected. A rise above 15.3233 will abort the expected correction.
XAU-USD	null

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16th September SquareMosta, MST 1180Malta
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