Daily Market Comments - Friday 05 June 2009

[RTFX-Trading]

EUR-USD	It should test 1.4241 area after which a sell off down to 1.4089 or extended to 1.3994 area is expected.
USD-CHF	There are initial signs of a good corrective recovery towards 1.0756 or even 1.0823. Supports at 1.0666 and 1.0632 zone.
GBP-USD	Current fall is near an end of wave around 1.6032 zone, a rally should then procede to above 1.6377. Fall below 1.5888 would cancel this scenario.
USD-JPY	While below 96.7700 - 97.0667 it is more likely to fall further towards 96.2250 or 95.9767. Premature rise above 97.0667 could see it rising above 97.5633 zone.
EUR-JPY	It should trade higher to 137.7433 while 136.2900 or 135.9133 offers support. Stop loss below 134.8367 zone.
EUR-CHF	It should test 1.5220 area after which a sell off down to 1.5120 or extended to 1.5077 area is expected.
EUR-GBP	Current rise seems to be over near 0.8786 or 0.8840 for a retracement towards 0.8732 - 0.8697 area.
USD-CAD	There are initial signs of a good corrective recovery towards 1.1065 or even 1.1109. Supports at 1.0950 and 1.0880 zone.
NZD-USD	It should try higher up to 0.6360 - 0.6407. Entry point 0.6314 or 0.6283. After this rise, a correction is expected.
AUD-USD	It should test 0.8069 area after which a sell off down to 0.7912 or extended to 0.7806 area is expected.
XAG-USD	It may attempt a test higher to 15.9100 - 16.1900 after which weakness may set it to a drift down to below 15.3200 limit.
XAU-USD	It should be subject to more sell off towards 970.5800 or 966.7766. Corrective upward swings should face resistance around 997.6101 area. A break of 995.4033 is bullish.

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