Weekly Market Comments - Monday 06 July 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4143 - 1.4308 from 1.3953 or 1.3870. After which a downside move is expected.
USD-CHF	It should trade lower to 1.0746. Resistances are at 1.0951 and 1.1034. A break of 1.1156 is bullish, confirmed by a close above 1.0985.
GBP-USD	It looks more likely that it would rise to 1.6611 - 1.6899 from 1.6313 or 1.6169. After which a downside move is expected.
USD-JPY	Strength can extend to 96.5350 or even 96.9967 as declines are expected to find support at 96.0733 or 95.6200. Stop Loss below 95.1667 zone.
EUR-JPY	While below 134.3000 or 134.8567 it could fall towards below 132.8134 or 131.3267. After which a corrective/consolidation activity is expected to 135.6000 zone.
EUR-CHF	A corrective rise should ideally test 1.5258 or even higher than 1.5324. Supports are at 1.5115. Stop loss below 1.5108 zone.
EUR-GBP	Current rise seems to be over near 0.8596 or 0.8649 for a retracement towards 0.8543 - 0.8499 area.
USD-CAD	Currently uptrend should end around 1.1705 - 1.1702 area. A correction down to below 1.1486 is expected. A rise above 1.1787 will abort the expected correction.
NZD-USD	There is bearish potential for a fall to 0.6282 - 0.6193 while 0.6371 - 0.6425 resist. After this fall a recovery up to 0.6425 or 0.6479 is expected.
AUD-USD	null
XAG-USD	Market should not go lower than 13.0567. After this move down it should go up to 13.9600 area.
XAU-USD	null

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