Daily Market Comments - Friday 29 May 2009

[RTFX-Trading]

EUR-USD	If market stays below 1.3962 a fall to 1.3828 is expected. If market breaks the point 1.4018 it could reach the sky.
USD-CHF	There is bearish potential for a fall to 1.0778 while 1.0867 - 1.0898 resist. After this fall a recovery up to 1.0898 or 1.0930 is expected.
GBP-USD	It should be subject to more sell off towards 1.5859 or 1.5775. Corrective upward swings should face resistance around 1.5956 area. A break of 1.6099 is bullish.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 97.8595 or 97.6533 if support around 96.4467 hold. After which a pullback to 96.4467 - 96.0500 zone is possible.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 135.5399 or 136.3366 if support around 134.0133 hold. After which a pullback to 134.0133 - 133.3700 zone is possible.
EUR-CHF	Market should not go lower than 1.5105 - 1.5092. After this move down it should go up to 1.5140 - 1.5166 area.
EUR-GBP	If market stays below 0.8757 a fall to 0.8678 is expected. If market breaks the point 0.8790 it could reach the sky.
USD-CAD	Prefer a fall to 1.1121 or 1.1074. Then a correction to 1.1197 is anticipated. A clear break of 1.1015 is again bearish.
NZD-USD	It should try higher up to 0.6252 - 0.6297. Entry point 0.6208 or 0.6176. After this rise, a correction is expected.
AUD-USD	It should be subject to more sell off towards 0.7767 or 0.7693. Corrective upward swings should face resistance around 0.7908 area. A break of 0.7941 is bullish.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 15.4033 or 15.3867 if support around 15.0233 hold. After which a pullback to 15.0233 - 14.9000 zone is possible.
XAU-USD	Currently uptrend should end around 962.2699 - 968.2465 area. A correction down to below 947.4166 is expected. A rise above 977.1232 will abort the expected correction.

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