Daily Market Comments - Friday 19 June 2009

[RTFX-Trading]

EUR-USD	There are initial signs of a good corrective recovery towards 1.3951 or even 1.3978. Supports at 1.3886 and 1.3848 zone.
USD-CHF	If market stays below 1.0881 a fall to 1.0785 is expected. If market breaks the point 1.0921 it could reach the sky.
GBP-USD	It may attempt a test higher to 1.6401 - after which weakness may set it to a drift down to 1.6191 limit.
USD-JPY	It should trade higher to 96.9300 while 96.2800 or 96.0750 offers support. Stop loss below 95.8700 zone.
EUR-JPY	Strength can extend to 134.5900 or even 135.1100 as declines are expected to find support at 134.0700 or 133.6100. Stop Loss below 133.1500 zone.
EUR-CHF	Currently uptrend should end around 1.5124 - 1.5163 area. A correction down to below 1.5023 is expected. A rise above 1.5225 will abort the expected correction.
EUR-GBP	Resistances lie around 0.8558 and 0.8580. It should test lower towards 0.8466 zone. A clear break of 0.8437 would be bearish.
USD-CAD	It may attempt a test higher to 1.1344 - 1.1380 after which weakness may set it to a drift down to below 1.1250 limit.
NZD-USD	Strength can extend to 0.6411 or even 0.6449 as declines are expected to find support at 0.6373 or 0.6338. Stop Loss below 0.6303 zone.
AUD-USD	While below 0.8054 it is more likely to fall further towards 0.7984 or 0.7948 level.
XAG-USD	Current move should be supported in 14.1800 - 14.1067 zone for a rise to 14.3567. A break below 14.0033 opens the way down.
XAU-USD	While above 931.7451 - 927.8601 zone a corrective upmove could test 938.3501 or 941.0701. After which it should resume its downtrend.

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