Daily Market Comments - Thursday 30 July 2009

[RTFX-Trading]

EUR-USD	It should register further gains to 1.4162 while 1.3973 - 1.3895 caps downside attempts. Stop loss below 1.3784 zone.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0954 or 1.0941 if support around 1.0836 hold. After which a pullback to 1.0836 - 1.0801 zone is possible.
GBP-USD	It should register further gains to 1.6449 while 1.6328 - 1.6277 caps downside attempts. Stop loss below 1.6207 zone.
USD-JPY	It looks set for gains to 95.5534. Supports at 94.5000 and 94.2133. A break of 93.4467 will damage this bullish structure.
USD-CAD	Current rise seems to be over near 1.0914 or 1.0955 for a retracement towards 1.0874 - 1.0845 area.
NZD-USD	It should trade higher to above 0.6602 while 0.6548 - 0.6534 offer support. Stop Loss below 0.6494 zone.
AUD-USD	Market should pop up towards 0.8226 or 0.8260 this bullish scenario would be damaged if 0.8150 - 0.8107 zone is broken, a severe break down could then occur.
EUR-JPY	Current fall is near an end of wave around 132.6967 zone, a rally should then procede to above 134.3067. Fall below 131.9333 would cancel this scenario.
EUR-CHF	Currently uptrend should end around 1.5278 - 1.5297 area. A correction down to 1.5246 - 1.5234 is expected. A rise above 1.5321 will abort the expected correction.
EUR-GBP	Market should not go lower than 0.8565 - 0.8535. After this move down it should go up to 0.8616 - 0.8638 area.
GBP-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7845 or 1.7916 if support around 1.7755 hold. After which a pullback to 1.7755 - 1.7700 zone is possible.
GBP-JPY	It should test 156.5300 area after which a sell off down to 154.1933 or extended to 152.7967 area is expected.
NZD-JPY	It should test 63.2600 area after which a sell off down to 61.7267 or extended to 61.0233 area is expected.
AUD-JPY	Market should hold major support at 76.7832 before rising towards 78.3967 or even 79.1433 limit.
XAG-USD	Current fall is near an end of wave around 13.0833 zone, a rally should then procede to above 13.6433. Fall below 12.8567 would cancel this scenario.
XAU-USD	It may meet resistance in 929.8700 - 932.2634 zone for a drift down to 923.4268 zone, after which bounce to 938.7067 is anticipated.

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