Daily Market Comments - Wednesday 17 June 2009

[RTFX-Trading]

EUR-USD	It is likely to fall towards 1.3745 - 1.3654 unless a corrective rally breaks the 1.3885 resistance. Stop above 1.3931 zone.
USD-CHF	It looks more likely that it would rise to 1.0954 from 1.0854 or 1.0820. After which a downside move is expected.
GBP-USD	It looks set for gains to 1.6543. Supports at 1.6311 and 1.6246. A break of 1.6079 will damage this bullish structure.
USD-JPY	Market should pop up towards 97.1400 or 97.4933 this bullish scenario would be damaged if 96.2350 - 95.6833 zone is broken, a severe break down could then occur.
EUR-JPY	It may meet resistance in 133.3800 - 133.8333 zone for a drift down to 132.2867 zone, after which bounce to 134.9267 is anticipated.
EUR-CHF	It may meet resistance in 1.5062 - 1.5068 zone for a drift down to 1.5049 zone, after which bounce to 1.5081 is anticipated.
EUR-GBP	Market should not go lower than 0.8427 - 0.8403. After this move down it should go up to 0.8466 - 0.8480 area.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1372 or 1.1411 if support around 1.1317 hold. After which a pullback to 1.1317 - 1.1288 zone is possible.
NZD-USD	It is likely to fall towards 0.6228 - 0.6156 unless a corrective rally breaks the 0.6347 resistance. Stop above 0.6383 zone.
AUD-USD	It is likely to fall towards 0.7840 - 0.7748 unless a corrective rally breaks the 0.8001 resistance. Stop above 0.8047 zone.
XAG-USD	One more dip to 14.1300 - < s1> is likely followed by a grind higher to 14.3933.
XAU-USD	It should be subject to more sell off towards 930.4249 or 927.3332. Corrective upward swings should face resistance around 938.8499 area. A break of 947.2166 is bullish.

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