Weekly Market Comments - Monday 08 June 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4224 - 1.4484 from 1.3948 or 1.3818. After which a downside move is expected.
USD-CHF	It looks set for gains to 1.0982. Supports at 1.0726 and 1.0666. A break of 1.0471 will damage this bullish structure.
GBP-USD	Preferred view is for a fall to 1.5958 - 1.5724 while 1.6319 - 1.6445 area resists. A clear break of 1.6914 would be bullish.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 99.5600 or 100.3367 if support around 97.3933 hold. After which a pullback to 97.3933 - 96.6450 zone is possible.
EUR-JPY	Currently uptrend should end around 140.8267 - 140.2033 area. A correction down to below 134.8733 is expected. A rise above 142.3767 will abort the expected correction.
EUR-CHF	Current upmove should be over between 1.5203 and 1.5246. A correction down to 1.4918 is anticipated. A break of 1.5323 is bullish.
EUR-GBP	It looks set for gains to 0.8880. Supports at 0.8658 and 0.8588. A break of 0.8436 will damage this bullish structure.
USD-CAD	It should trade higher to 1.1333 or above 1.1475 in extention. Supports at 1.0988 and 1.0917. Stop loss below 1.0643 zone.
NZD-USD	It looks more likely that it would rise to 0.6497 - 0.6732 from 0.6242 or 0.6125. After which a downside move is expected.
AUD-USD	There are initial signs of a good corrective recovery towards 0.8098 or even 0.8166. Supports at 0.7914 and 0.7797 zone.
XAG-USD	There are initial signs of a good corrective recovery towards 15.7450 or even 15.9700. Supports at 15.1550 and 14.7900 zone.
XAU-USD	Current move should be supported in 953.5850 - 941.3566 zone for a rise to 978.7366. A break below 928.4333 opens the way down.

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