Daily Market Comments - Monday 01 June 2009

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.4153 or 1.4229 for a retracement towards 1.4077 - 1.4031 area.
USD-CHF	Market should not go lower than 1.0560. After this move down it should go up to 1.0805 area.
GBP-USD	Current rise seems to be over near 1.6181 or 1.6269 for a retracement towards 1.6093 - 1.6042 area.
USD-JPY	There is bearish potential for a fall to 94.5300 while 95.7700 - 96.1450 resist. After this fall a recovery up to 96.1450 or 96.5200 is expected.
EUR-JPY	A corrective rise should ideally test 135.5100 or even higher than 136.3300. Supports are at 134.1200. Stop loss below 133.4300 zone.
EUR-CHF	While below 1.5126 - 1.5142 it might drop to 1.5059 or 1.5026.
EUR-GBP	Resistances lie around 0.8773 and 0.8795. It should test lower towards 0.8702 zone. A clear break of 0.8729 would be bearish.
USD-CAD	Market should not go lower than 1.0787. After this move down it should go up to 1.1044 - 1.1092 area.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6521 or 0.6473 if support around 0.6348 hold. After which a pullback to 0.6348 - 0.6316 zone is possible.
AUD-USD	Current rise seems to be over near 0.8011 or 0.8071 for a retracement towards 0.7951 - 0.7919 area.
XAG-USD	Currently uptrend should end around 16.1200 - 15.8700 area. A correction down to below 15.3100 is expected. A rise above 16.0600 will abort the expected correction.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 992.0712 or 986.7600 if support around 972.4300 hold. After which a pullback to 972.4300 - 968.4600 zone is possible.

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