Daily Market Comments - Friday 10 July 2009

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.4045 or 1.4108 for a retracement towards 1.3983 - 1.3939 area.
USD-CHF	Market should not go lower than 1.0768 - 1.0718. After this move down it should go up to 1.0851 - 1.0884 area.
GBP-USD	Current rise seems to be over near 1.6358 or 1.6467 for a retracement towards 1.6248 - 1.6181 area.
USD-JPY	It should test 92.9900 area after which a sell off down to 92.3800 or extended to 91.7700 area is expected.
EUR-JPY	It should test 132.1400 area after which a sell off down to 128.6800 or extended to 126.9900 area is expected.
EUR-CHF	Preferred outlook is for a drift down to below 1.5072. Resistances are at 1.5121 and 1.5134. A rise above 1.5147 would delay but not abort this expected fall.
EUR-GBP	null
USD-CAD	Market should hold major support at 1.1544 before rising towards 1.1687 or even 1.1750 limit.
NZD-USD	Current rise should end around 0.6344. Objectives of this downmove are 0.6246 or 0.6194. A rise above 0.6390 is again bullish.
AUD-USD	It may attempt a test higher to 0.7845 - 0.7875 after which weakness may set it to a drift down to below 0.7768 limit.
XAG-USD	Current fall is near an end of wave around 12.7700 zone, a rally should then procede to above 12.9800. Fall below 12.6700 would cancel this scenario.
XAU-USD	It is likely to fall towards 906.3200 - 900.3900 unless a corrective rally breaks the 915.5450 resistance. Stop above 918.5100 zone.

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