Monthly Market Comments - Monday 01 June 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4440 or 1.4467 if support around 1.3839 hold. After which a pullback to 1.3839 - 1.3675 zone is possible.
USD-CHF	Market should not go lower than 1.0667 - 1.0415. After this move down it should go up to 1.1049 - 1.1180 area.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6930 or 1.6657 if support around 1.5705 hold. After which a pullback to 1.5705 - 1.5459 zone is possible.
USD-JPY	Market should not go lower than 94.5650 - 92.8300. After this move down it should go up to 97.5250 - 98.7500 area.
EUR-JPY	It should try higher up to 135.1950 - 137.9366. Entry point 132.4533 or 130.8300. After this rise, a correction is expected.
EUR-CHF	It looks more likely that it would rise to 1.5215 - 1.5337 from 1.5050 or 1.4989. After which a downside move is expected.
EUR-GBP	One more dip to 0.8700 - < s1> is likely followed by a grind higher to 0.8892 - 0.8971. After which it can resume its downtrend.
USD-CAD	It might hold above 1.0913 or 1.0566 for a rise towards above 1.1441 or 1.1621. Stop loss below 1.0205 zone.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6678 or 0.6672 if support around 0.6149 hold. After which a pullback to 0.6149 - 0.6018 zone is possible.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8479 or 0.8267 if support around 0.7755 hold. After which a pullback to 0.7755 - 0.7625 zone is possible.
XAG-USD	Current rise seems to be over near 15.6850 or 16.8967 for a retracement towards 14.4733 - 13.8650 area.
XAU-USD	Current rise seems to be over near 979.5950 or 1012.6266 for a retracement towards 946.5633 - 929.6599 area.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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