Daily Market Comments - Monday 08 June 2009

[RTFX-Trading]

EUR-USD	null
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0930 or 1.0958 if support around 1.0811 hold. After which a pullback to 1.0811 - 1.0763 zone is possible.
GBP-USD	Support at 1.5958 or 1.5864 should hold the downside for a correction to above 1.6166 zone.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 99.9795 or 99.6500 if support around 98.0800 hold. After which a pullback to 98.0800 - 97.6750 zone is possible.
EUR-JPY	Strength can extend to 138.6250 or even higher than 139.4100 as declines are expected to find support at 137.1500 or 136.4600. A fall below 134.8900 could turn it bearish.
EUR-CHF	Resistances lie around 1.5203 and 1.5220. It should test lower towards 1.5135 zone. A clear break of 1.5120 would be bearish.
EUR-GBP	There are initial signs of a good corrective recovery towards 0.8804 or even 0.8828. Supports at 0.8737 and 0.8693 zone.
USD-CAD	It should try higher up to 1.1196 - 1.1274. Entry point 1.1118 or 1.1077. After this rise, a correction is expected.
NZD-USD	Prefer a fall to 0.6258 or 0.6205. Then a correction to 0.6340 is anticipated. A clear break of 0.6148 is again bearish.
AUD-USD	While above 0.7926 - 0.7859 zone a corrective dip could test 0.7992 or 0.8065. After which it should resume his downtrend.
XAG-USD	Prefer a fall to 15.2050 or 14.9533. Then a correction to 15.6000 is anticipated. A clear break of 14.6667 is again bearish.
XAU-USD	There is bearish potential for a fall to 953.5850 - 943.4467 while 963.7233 - 969.1400 resist. After this fall a recovery up to 969.1400 or 974.5566 is expected.

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