Daily Market Comments - Thursday 26 November 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5191 or 1.5200 if support around 1.5078 hold. After which a pullback to 1.5078 - 1.5045 zone is possible.
USD-CHF	Market should not go lower than 0.9960 - 0.9915. After this move down it should go up to 1.0030 - 1.0055 area.
GBP-USD	Current rise seems to be over near 1.6725 or 1.6775 for a retracement towards 1.6676 - 1.6640 area.
USD-JPY	Market should not go lower than 86.6562. After this move down it should go up to 88.2500 area.
USD-CAD	Market should not go lower than 1.0451 - 1.0407. After this move down it should go up to 1.0518 - 1.0541 area.
NZD-USD	Corrective dips should ideally halt near 0.7288 or 0.7274 for one more thrust upwards towards 0.7329 - 0.7355 area or 0.7383 in extention. Fall below 0.7221 puts it back on a downward path.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9332 or 0.9365 if support around 0.9277 hold. After which a pullback to 0.9277 - 0.9254 zone is possible.
EUR-JPY	Market should hold major support at 131.2268 before rising towards 132.7567 or even 133.3134 limit.
EUR-CHF	It looks set to visit further lower territory down to around 1.5080 - 1.5072. Its corrective attempts should fail ahead of 1.5092 or 1.5097. Stop loss above 1.5113 zone.
EUR-GBP	It should trade higher to 0.9091 while 0.9034 or 0.9018 offers support. Stop loss below 0.9003 zone.
EUR-CAD	If market stays below 1.5836 a fall to 1.5764 is expected. If market breaks the point 1.5863 it could reach the sky.
EUR-NZD	Current upmove should be ended around 2.0702 - 2.0769. Any correction consolidation should find support in 2.0579 - 2.0524 zone.
EUR-AUD	Corrective dips should ideally halt near 1.6205 or 1.6178 for one more thrust upwards towards 1.6261 - 1.6291 area or 1.6345 in extention. Fall below 1.6119 puts it back on a downward path.
GBP-CHF	There is bearish potential for a fall to 1.6584 while 1.6699 - 1.6730 resist. After this fall a recovery up to 1.6730 or 1.6761 is expected.
GBP-JPY	Market should not go lower than 145.7900 - 145.1633. After this move down it should go up to 146.7950 - 147.1733 area.
GBP-CAD	While below 1.7543 - 1.7572 it might drop to 1.7403 or 1.7345.
GBP-AUD	No comment!
CAD-JPY	Market should hold major support at 82.9265 before rising towards 83.9267 or even 84.2833 limit.
NZD-JPY	One more dip to 63.8100 - 63.5167 is likely followed by a grind higher to 64.3400 - 64.5767. After which it can resume its downtrend.
AUD-JPY	It is likely to fall towards 81.1750 - 80.9067 as its corrective rally could falter in 81.6950 - 81.9467 area. Stop above 82.4833 zone.
XAG-USD	Currently uptrend should end around 18.8600 - 18.9833 area. A correction down to 18.6750 - 18.6133 is expected. A rise above 19.1067 will abort the expected correction.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1199.2649 or 1200.1534 if support around 1183.5367 hold. After which a pullback to 1183.5367 - 1179.3451 zone is possible.

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