Daily Market Comments - Thursday 19 November 2009

[RTFX-Trading]

EUR-USD	It should trade lower to 1.4911 or 1.4806 in extension while 1.4976 - 1.5015 offer resistance. A break of 1.5068 will damage this bearish view.
USD-CHF	While above 1.0087 - 1.0059 zone a corrective upmove could test 1.0134 or 1.0153. After which it should resume its downtrend.
GBP-USD	Market should not go lower than 1.6731 - 1.6693. After this move down it should go up to 1.6796 - 1.6824 area.
USD-JPY	Uptrend is still intact. It should continue to rally to 89.7400 or 90.0000 if supports at 89.2700 - 89.1650 area hold. Stop loss below 89.0600.
USD-CAD	It should find support in 1.0498 - 1.0470 area for a rally to 1.0660. Unexpected fall below 1.0394 will dent this bullish view.
NZD-USD	It looks set to visit further lower territory down to around 0.7447 - 0.7430. Its corrective attempts should fail ahead of 0.7480 - 0.7497. Stop loss above 0.7531 zone.
AUD-USD	One more dip to 0.9280 - 0.9261 is likely followed by a grind higher to 0.9316 - 0.9332. After which it can resume its downtrend.
EUR-JPY	Currently uptrend should end around 133.8250 - 134.2367 area. A correction down to 133.1100 - 132.8067 is expected. A rise above 134.8433 will abort the expected correction.
EUR-CHF	Decline should be supported around 1.5102 - 1.5095 zone for rally to above 1.5118. A clear break of 1.5095 will damage this expected rally.
EUR-GBP	It should trade higher to 0.8976 while 0.8908 or 0.8887 offers support. Stop loss below 0.8866 zone.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5818 or 1.5855 if support around 1.5739 hold. After which a pullback to 1.5739 - 1.5702 zone is possible.
EUR-NZD	Currently uptrend should end around 2.0079 - 2.0128 area. A correction down to 1.9993 - 1.9955 is expected. A rise above 2.0203 will abort the expected correction.
EUR-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6153 or 1.6161 if support around 1.6066 hold. After which a pullback to 1.6066 - 1.6035 zone is possible.
GBP-CHF	There is bearish potential for a fall to 1.6831 while 1.6965 - 1.7005 resist. After this fall a recovery up to 1.7005 or 1.7046 is expected.
GBP-JPY	There is bearish potential for a fall to 149.2067 while 149.7733 - 149.9600 resist. After this fall a recovery up to 149.9600 or 150.1467 is expected.
GBP-CAD	It should test 1.7687 area after which a sell off down to 1.7575 or extended to 1.7486 area is expected.
GBP-AUD	It looks more likely that it would rise to 1.8099 - 1.8181 from 1.7999 or 1.7958. After which a downside move is expected.
CAD-JPY	Support at 84.6100 or 84.3933 should hold. Then a correction to above 85.5467 is anticipated. A clear break of 84.1067 is again bearish.
NZD-JPY	It should try higher up to 66.7500 - 66.9000. Entry point 66.6000 or 66.4700. After this rise, a correction is expected.
AUD-JPY	Market should hold major support at 82.6066 before rising towards 83.2900 or even 83.5700 limit.
XAG-USD	It looks more likely that it would rise to 18.8367 - 19.1033 from 18.4400 or 18.3067. After which a downside move is expected.
XAU-USD	While below 1153.6967 it is more likely to fall further towards 1144.9233 or 1140.8201 level.

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