Daily Market Comments - Thursday 18 June 2009

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.3964 or 1.4016 for a retracement towards 1.3912 - 1.3874 area.
USD-CHF	Market should not go lower than 1.0782 - 1.0735. After this move down it should go up to 1.0862 - 1.0895 area.
GBP-USD	It looks set for gains to 1.6514. Supports at 1.6310 and 1.6253. A break of 1.6106 will damage this bullish structure.
USD-JPY	It may meet resistance in 95.7500 - 96.0133 zone for a drift down to 95.2567 zone, after which bounce to 96.5067 is anticipated.
EUR-JPY	It may attempt a test higher to 134.0600 - 134.6267 after which weakness may set it to a drift down to below 132.3667 limit.
EUR-CHF	Preferred outlook is for a drift down to below 1.5005. Resistances are at 1.5058 and 1.5072. A rise above 1.5085 would delay but not abort this expected fall.
EUR-GBP	Current upmove should be ended around 0.8519 - 0.8548. Any correction consolidation should find support in 0.8465 - 0.8442 zone.
USD-CAD	Current move should be supported in 1.1296 - 1.1246 zone for a rise to 1.1419. A break below 1.1174 opens the way down.
NZD-USD	If market stays below 0.6351 a fall to 0.6264 is expected. If market breaks the point 0.6387 it could reach the sky.
AUD-USD	It should be subject to more sell off towards 0.7897 or 0.7864. Corrective upward swings should face resistance around 0.7985 area. A break of 0.8077 is bullish.
XAG-USD	It should trade higher to 14.4833 while 14.2167 or 14.1400 offers support. Stop loss below 14.0633 zone.
XAU-USD	Currently uptrend should end around 939.5250 - 943.3567 area. A correction down to 933.3151 - 930.9367 is expected. A rise above 948.1133 will abort the expected correction.

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