Daily Market Comments - Thursday 11 June 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4114 from 1.3950 or 1.3885. After which a downside move is expected.
USD-CHF	It should test 1.0833 area after which a sell off down to 1.0731 or extended to 1.0657 area is expected.
GBP-USD	One move lower to 1.6241 or 1.6124 is anticipated while below 1.6415 - 1.6474 area. Stop loss above 1.6590 zone.
USD-JPY	If market stays below 98.2800 a fall to 97.3267 is expected. If market breaks the point 98.6767 it could reach the sky.
EUR-JPY	Resistances lie around 137.7700 and 138.1334. It should test lower towards 136.4834 zone. A clear break of 136.6200 would be bearish.
EUR-CHF	It looks set to visit further lower territory down to around 1.5109 - 1.5086. Its corrective attempts should fail ahead of 1.5145 or 1.5158. Stop loss above 1.5204 zone.
EUR-GBP	Support at 0.8545 or 0.8516 should hold the downside for a correction to above 0.8608 zone.
USD-CAD	Difficult to predict the next move. If first down it should hold 1.1013 or 1.0963. If first up it should face resistance in 1.1124 - 1.1185 zone to 1.0963 zone.
NZD-USD	There are initial signs of a good corrective recovery towards 0.6307 or even 0.6331. Supports at 0.6242 and 0.6201 zone.
AUD-USD	Resistances lie around 0.8082 and 0.8120. It should test lower towards 0.7953 zone. A clear break of 0.7984 would be bearish.
XAG-USD	There are initial signs of a good corrective recovery towards 15.3450 or even 15.4467. Supports at 15.1150 and 14.9867 zone.
XAU-USD	It looks more likely that it would rise to 964.3200 - 974.2700 from 950.7250 or 945.7500. After which a downside move is expected.

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