Daily Market Comments - Tuesday 16 June 2009

[RTFX-Trading]

EUR-USD	One more dip to 1.3780 - < s1> is likely followed by a grind higher to 1.3903 - 1.3951. After which it can resume its downtrend.
USD-CHF	Current upmove should be ended around 1.0932 - 1.0982. Any correction consolidation should find support in 1.0848 - 1.0813 zone.
GBP-USD	It may meet resistance in 1.6320 - 1.6335 zone for a drift down to 1.6227 zone, after which bounce to 1.6429 is anticipated.
USD-JPY	While above 97.6950 - 97.4033 zone a corrective upmove could test 98.1900 or 98.3933. After which it should resume its downtrend.
EUR-JPY	Market should not go lower than 133.6400. After this move down it should go up to 136.4200 - 137.0800 area.
EUR-CHF	It looks set to visit further lower territory down to around 1.5060 - 1.5037. Its corrective attempts should fail ahead of 1.5097 or 1.5111. Stop loss above 1.5157 zone.
EUR-GBP	Market should not go lower than 0.8453 - 0.8427. After this move down it should go up to 0.8494 - 0.8509 area.
USD-CAD	One move lower to 1.1219 or 1.1105 is anticipated while below 1.1355 - 1.1412 area. Stop loss above 1.1491 zone.
NZD-USD	One more dip to 0.6294 is likely followed by a grind higher to 0.6391. After which it can resume its downtrend.
AUD-USD	Current fall is near an end of wave around 0.7871 - 0.7791 zone, a rally should then procede to above 0.8065. Fall below 0.7677 would cancel this scenario.
XAG-USD	It might hold above 14.0600 or 13.7900 for a rise towards above 14.4700 or 14.6100. Stop loss below 13.5100 zone.
XAU-USD	It may meet resistance in 931.8033 - 934.6099 zone for a drift down to below 922.6866 zone.

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