Daily Market Comments - Monday 22 June 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4010 from 1.3913 or 1.3881. After which a downside move is expected.
USD-CHF	There is bearish potential for a fall to 1.0786 - 1.0750 while 1.0821 - 1.0850 resist. After this fall a recovery up to 1.0850 or 1.0878 is expected.
GBP-USD	Current rise seems to be over near 1.6530 or 1.6605 for a retracement towards 1.6455 - 1.6402 area.
USD-JPY	There are initial signs of a good corrective recovery towards 96.6850 or even 96.9133. Supports at 96.0950 and 95.7333 zone.
EUR-JPY	There are initial signs of a good corrective recovery towards 134.6500 or even 134.8433. Supports at 134.1000 and 133.7433 zone.
EUR-CHF	Decline should be supported around 1.5043 - 1.5018 zone for rally to above 1.5110. A clear break of 1.5018 will damage this expected rally.
EUR-GBP	Prefer a fall to below 0.8423. Then a correction to above 0.8557 is anticipated. A clear break of 0.8395 is again bearish.
USD-CAD	It should be subject to more sell off towards 1.1301 or 1.1280. Corrective upward swings should face resistance around 1.1439 area. A break of 1.1434 is bullish.
NZD-USD	While below 0.6462 - 0.6496 it is more likely to fall further towards 0.6400 or 0.6372. Premature rise above 0.6496 could see it rising above 0.6552 zone.
AUD-USD	While below 0.8087 - 0.8123 it is more likely to fall further towards 0.8018 or 0.7985. Premature rise above 0.8123 could see it rising above 0.8189 zone.
XAG-USD	There is bearish potential for a fall to 14.1067 while 14.2433 - 14.2950 resist. After this fall a recovery up to 14.2950 or 14.3467 is expected.
XAU-USD	Corrective dips should ideally halt near 933.5100 or 931.5967 for one more thrust upwards towards 937.5250 - 939.6267 area or 943.4534 in extention. Fall below 927.3933 puts it back on a downward path.

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