Daily Market Comments - Thursday 09 July 2009

[RTFX-Trading]

EUR-USD	Current fall is near an end of wave around 1.3831 zone, a rally should then procede to above 1.3936. Fall below 1.3780 would cancel this scenario.
USD-CHF	Resistances lie around 1.0922 and 1.0937. It should test lower towards 1.0871 zone. A clear break of 1.0883 would be bearish.
GBP-USD	It should try higher up to 1.6106 - 1.6147. Entry point 1.6065 or 1.6028. After this rise, a correction is expected.
USD-JPY	One more dip to 92.3500 - < s1> is likely followed by a grind higher to 93.8850 - 94.5733. After which it can resume its downtrend.
EUR-JPY	One more dip to 127.9900 - < s1> is likely followed by a grind higher to 130.5500 - 131.7267. After which it can resume its downtrend.
EUR-CHF	It looks set to visit further lower territory down to around 1.5129 - 1.5114. Its corrective attempts should fail ahead of 1.5153 or 1.5164. Stop loss above 1.5193 zone.
EUR-GBP	Resistances lie around 0.8655 and 0.8667. It should test lower towards 0.8613 zone. A clear break of 0.8626 would be bearish.
USD-CAD	Currently uptrend should end around 1.1699 - 1.1736 area. A correction down to 1.1631 - 1.1600 is expected. A rise above 1.1798 will abort the expected correction.
NZD-USD	Market should hold major support at 0.6157 before rising towards 0.6316 or even 0.6372 limit.
AUD-USD	Current fall is near an end of wave around 0.7707 zone, a rally should then procede to above 0.7881. Fall below 0.7629 would cancel this scenario.
XAG-USD	One more dip to 12.8150 - < s1> is likely followed by a grind higher to 13.0200 - 13.1100. After which it can resume its downtrend.
XAU-USD	Market should not go lower than 901.0109. After this move down it should go up to 921.8932 area.

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