Daily Market Comments - Wednesday 15 July 2009

[RTFX-Trading]

EUR-USD	It should try higher up to 1.3991 - 1.4017. Entry point 1.3964 or 1.3939. After this rise, a correction is expected.
USD-CHF	Current upmove should be ended around 1.0914 - 1.0949. Any correction consolidation should find support in 1.0848 - 1.0817 zone.
GBP-USD	Current rise should end around 1.6360. Objectives of this downmove are 1.6239 or 1.6171. A rise above 1.6413 is again bullish.
USD-JPY	Current rise should end around 93.9400. Objectives of this downmove are 92.9000 or 92.2900. A rise above 94.3700 is again bullish.
EUR-JPY	Currently uptrend should end around 131.2567 - 131.2567 area. A correction down to below 129.6567 is expected. A rise above 131.9033 will abort the expected correction.
EUR-CHF	Current rise seems to be over near 1.5214 or 1.5240 for a retracement towards 1.5187 - 1.5171 area.
EUR-GBP	It might hold above 0.8559 or 0.8540 for a rise towards above 0.8604. Stop loss below 0.8515 zone.
USD-CAD	Market should not go lower than 1.1198. After this move down it should go up to 1.1466 area.
NZD-USD	Currently uptrend should end around 0.6447 - 0.6418 area. A correction down to below 0.6338 is expected. A rise above 0.6448 will abort the expected correction.
AUD-USD	Currently uptrend should end around 0.7985 - 0.7974 area. A correction down to below 0.7849 is expected. A rise above 0.8019 will abort the expected correction.
XAG-USD	While below 12.9600 - 13.0133 it is more likely to fall further towards 12.8550 or 12.8033. Premature rise above 13.0133 could see it rising above 13.1167 zone.
XAU-USD	Current rise should end around 929.7134. Objectives of this downmove are 919.8633 or 914.0566. A rise above 933.7567 is again bullish.

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