Daily Market Comments - Friday 12 June 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4143 - 1.4210 area. A correction down to below 1.3975 is expected. A rise above 1.4311 will abort the expected correction.
USD-CHF	Market should not go lower than 1.0677 - 1.0623. After this move down it should go up to 1.0770 - 1.0811 area.
GBP-USD	Currently uptrend should end around 1.6717 - 1.6694 area. A correction down to below 1.6414 is expected. A rise above 1.6797 will abort the expected correction.
USD-JPY	While above 97.4600 - 97.0933 zone a corrective dip could test 97.8267 or 98.3633. After which it should resume his downtrend.
EUR-JPY	It should trade higher to 138.2967 while 137.1650 or 136.8867 offers support. Stop loss below 136.0333 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.5096 - 1.5080. Its corrective attempts should fail ahead of 1.5122 or 1.5132. Stop loss above 1.5164 zone.
EUR-GBP	It should register further gains to 0.8545 while 0.8481 - 0.8459 caps downside attempts. Stop loss below 0.8417 zone.
USD-CAD	It is likely to fall towards 1.0947 - 1.0871 unless a corrective rally breaks the 1.1065 resistance. Stop above 1.1103 zone.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6521 or 0.6515 if support around 0.6385 hold. After which a pullback to 0.6385 - 0.6343 zone is possible.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8280 or 0.8283 if support around 0.8146 hold. After which a pullback to 0.8146 - 0.8100 zone is possible.
XAG-USD	It should try higher up to 15.4650 - 15.6367. Entry point 15.2933 or 15.1750. After this rise, a correction is expected.
XAU-USD	It should be subject to more sell off towards 944.4334 or 934.0167. Corrective upward swings should face resistance around 959.4497 area. A break of 972.6167 is bullish.

Trading Desk, RTFX Ltd
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