Daily Market Comments - Thursday 25 June 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4082 from 1.3909 or 1.3833. After which a downside move is expected.
USD-CHF	It should trade higher to 1.1123 while 1.0878 or 1.0806 offers support. Stop loss below 1.0734 zone.
GBP-USD	There are initial signs of a good corrective recovery towards 1.6504 or even 1.6550. Supports at 1.6388 and 1.6317 zone.
USD-JPY	It looks set for gains to 96.1133. Supports at 95.3450 and 95.1133. A break of 94.5767 will damage this bullish structure.
EUR-JPY	It looks more likely that it would rise to 134.4833 - 135.7367 from 133.1000 or 132.4733. After which a downside move is expected.
EUR-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5438 or 1.5446 if support around 1.5229 hold. After which a pullback to 1.5229 - 1.5152 zone is possible.
EUR-GBP	It looks more likely that it would rise to 0.8548 - 0.8607 from 0.8480 or 0.8451. After which a downside move is expected.
USD-CAD	It may attempt a test higher to 1.1578 - after which weakness may set it to a drift down to 1.1470 limit.
NZD-USD	There are initial signs of a good corrective recovery towards 0.6443 or even 0.6466. Supports at 0.6385 and 0.6350 zone.
AUD-USD	Resistances lie around 0.8011 and 0.8042. It should test lower towards 0.7904 zone. A clear break of 0.7929 would be bearish.
XAG-USD	Resistances lie around 13.9900 and 14.0533. It should test lower towards 13.7333 zone. A clear break of 13.6600 would be bearish.
XAU-USD	Resistances lie around 937.1500 and 942.0000. It should test lower towards 921.8500 zone. A clear break of 929.2999 would be bearish.

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