Daily Market Comments - Wednesday 10 June 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4083 - 1.4161 area. A correction down to 1.3958 - 1.3911 is expected. A rise above 1.4256 will abort the expected correction.
USD-CHF	There is bearish potential for a fall to 1.0714 while 1.0833 - 1.0869 resist. After this fall a recovery up to 1.0869 or 1.0905 is expected.
GBP-USD	Current rise seems to be over near 1.6333 or 1.6448 for a retracement towards 1.6218 - 1.6146 area.
USD-JPY	Market should not go lower than 96.7229. After this move down it should go up to 97.9700 - 98.2100 area.
EUR-JPY	Market should hold major support at 135.3900 before rising towards 137.6367 or even 138.3033 limit.
EUR-CHF	It should test 1.5179 area after which a sell off down to 1.5151 or extended to 1.5132 area is expected.
EUR-GBP	It may meet resistance in 0.8626 - 0.8631 zone for a drift down to 0.8589 zone, after which bounce to 0.8667 is anticipated.
USD-CAD	Market should pop up towards 1.1119 or 1.1164 this bullish scenario would be damaged if 1.1013 - 1.0952 zone is broken, a severe break down could then occur.
NZD-USD	It looks set for gains to 0.6322. Supports at 0.6219 and 0.6194. A break of 0.6116 will damage this bullish structure.
AUD-USD	Currently uptrend should end around 0.8029 - 0.8088 area. A correction down to 0.7933 - 0.7897 is expected. A rise above 0.8161 will abort the expected correction.
XAG-USD	It looks set for gains to 15.4600. Supports at 15.0200 and 14.9100. A break of 14.5800 will damage this bullish structure.
XAU-USD	While above 951.1400 - 947.5233 zone a corrective dip could test 954.7567 or 961.9633. After which it should resume his downtrend.

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