Daily Market Comments - Friday 26 June 2009

[RTFX-Trading]

EUR-USD	It should test 1.4059 area after which a sell off down to 1.3913 or extended to 1.3839 area is expected.
USD-CHF	A corrective rise should ideally test 1.0996 or even higher than 1.1054. Supports are at 1.0880. Stop loss below 1.0864 zone.
GBP-USD	It should trade higher to above 1.6479 while 1.6301 - 1.6245 offer support. Stop Loss below 1.6123 zone.
USD-JPY	Resistances lie around 96.2600 and 96.4767. It should test lower towards 95.5167 zone. A clear break of 95.6700 would be bearish.
EUR-JPY	A correction down to 133.3466 or lower is now expected from 134.5150 or 134.9467. A break above 135.6833 is needed to turn bullish.
EUR-CHF	Should test support at 1.5247 while below 1.5302. If support at 1.5247 holds it can rise up to 1.5363, if not it should fall to below 1.5193 zone.
EUR-GBP	It should trade higher to 0.8589 while 0.8533 or 0.8511 offers support. Stop loss below 0.8490 zone.
USD-CAD	There are initial signs of a good corrective recovery towards 1.1593 or even 1.1615. Supports at 1.1538 and 1.1504 zone.
NZD-USD	It should trade lower to 0.6380. Resistances are at 0.6493 and 0.6534. A break of 0.6606 is bullish, confirmed by a close above 0.6550.
AUD-USD	Currently uptrend should end around 0.8043 - 0.8064 area. A correction down to below 0.7960 is expected. A rise above 0.8103 will abort the expected correction.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 14.0933 or 14.1267 if support around 13.9733 hold. After which a pullback to 13.9733 - 13.9250 zone is possible.
XAU-USD	Currently uptrend should end around 945.4379 - 942.9901 area. A correction down to below 933.0201 is expected. A rise above 946.5801 will abort the expected correction.

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