Daily Market Comments - Monday 15 June 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.3912 while 1.4021 - 1.4063 resist. After this fall a recovery up to 1.4063 or 1.4106 is expected.
USD-CHF	It should trade higher to 1.0873 while 1.0780 or 1.0746 offers support. Stop loss below 1.0713 zone.
GBP-USD	There is bearish potential for a fall to 1.6307 while 1.6453 - 1.6514 resist. After this fall a recovery up to 1.6514 or 1.6575 is expected.
USD-JPY	It should try higher up to 98.4000 - 98.7100. Entry point 98.0900 or 97.9250. After this rise, a correction is expected.
EUR-JPY	Currently uptrend should end around 138.0000 - 138.3733 area. A correction down to 137.2950 - 136.9633 is expected. A rise above 139.0367 will abort the expected correction.
EUR-CHF	It should trade higher to 1.5144 while 1.5114 or 1.5106 offers support. Stop loss below 1.5098 zone.
EUR-GBP	It may attempt a test higher to 0.8532 - 0.8548 after which weakness may set it to a drift down to below 0.8487 limit.
USD-CAD	Current rise seems to be over near 1.1213 or 1.1281 for a retracement towards 1.1145 - 1.1093 area.
NZD-USD	Strength can extend to 0.6476 or even higher than 0.6583 as declines are expected to find support at 0.6393. A fall below 0.6369 could turn it bearish.
AUD-USD	While above 0.8096 - 0.8057 zone a corrective upmove could test 0.8173 or 0.8211. After which it should resume its downtrend.
XAG-USD	Market should not go lower than 14.8150 - 14.6033. After this move down it should go up to 15.1450 - 15.2633 area.
XAU-USD	Market should not go lower than 937.8101 - 930.9534. After this move down it should go up to 948.7250 - 952.7834 area.

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

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