Daily Market Comments - Tuesday 09 June 2009

[RTFX-Trading]

EUR-USD	It may meet resistance in 1.3900 - 1.3902 zone for a drift down to 1.3803 zone, after which bounce to 1.4000 is anticipated.
USD-CHF	One move lower to 1.0837 or 1.0761 is anticipated while below 1.0950 - 1.0988 area. Stop loss above 1.1063 zone.
GBP-USD	Market should hold major support at 1.5823 before rising towards 1.6170 or even 1.6289 limit.
USD-JPY	A corrective rise should ideally test 98.8233 or even higher than 99.1667. Supports are at 98.3700. Stop loss below 97.8667 zone.
EUR-JPY	One more dip to 136.4400 - 135.9133 is likely followed by a grind higher to 137.4600 - 137.9533. After which it can resume his downtrend.
EUR-CHF	Our preferred outlook is for a drift down to 1.5147 or below 1.5122. Resistances are at 1.5171 and 1.5180. A rise above 1.5205 would delay but not abort this expected fall.
EUR-GBP	null
USD-CAD	A corrective rise should ideally test 1.1252 or even higher than 1.1346. Supports are at 1.1039. Stop loss below 1.1046 zone.
NZD-USD	Current fall is near an end of wave around 0.6143 zone, a rally should then procede to above 0.6275. Fall below 0.6082 would cancel this scenario.
AUD-USD	Current fall is near an end of wave around 0.7818 zone, a rally should then procede to above 0.7976. Fall below 0.7744 would cancel this scenario.
XAG-USD	Current fall is near an end of wave around 14.6433 zone, a rally should then procede to above 15.3533. Fall below 14.3367 would cancel this scenario.
XAU-USD	It should try higher up to 956.0400 - 960.2033. Entry point 951.8766 or 947.7400. After this rise, a correction is expected.

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

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