Daily Market Comments - Thursday 10 June 2010

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.2060 from 1.1952 or 1.1911. After which a downside move is expected.
USD-CHF	Current fall is near an end of wave around 1.1415 zone, a rally should then procede to above 1.1554. Fall below 1.1346 would cancel this scenario.
GBP-USD	Currently uptrend should end around 1.4568 - 1.4625 area. A correction down to 1.4462 - 1.4413 is expected. A rise above 1.4722 will abort the expected correction.
USD-JPY	It looks set to visit further lower territory down to around 91.18 - 91.01. Its corrective attempts should fail ahead of 91.18 - 91.63. Stop loss above 91.96 zone.
USD-CAD	Market should hold major support at 1.0301 before rising towards 1.0520 or even 1.0594 limit.
NZD-USD	There are initial signs of a good corrective recovery to at least 0.6710 or even above 0.6742. Supports at 0.6606 zone.
AUD-USD	While below 0.8318 - 0.8359 it is more likely to fall further towards 0.8236 or 0.8196. Premature rise above 0.8359 could see it rising above 0.8440 zone.
EUR-JPY	It is a triangle configuration. Market should break either side. Acceleration should occur above 110.60 or under 108.86 limits.
EUR-CHF	It may meet resistance in 1.3756 - 1.3766 zone for a drift down to 1.3725 zone, after which bounce to 1.3797 is anticipated.
EUR-GBP	It looks more likely that it would rise to 0.8275 - 0.8303 from 0.8244 or 0.8230. After which a downside move is expected.
EUR-CAD	It may meet resistance in 1.2513 - 1.2525 zone for a drift down to 1.2486 zone, after which bounce to 1.2551 is anticipated.
EUR-NZD	It is likely to fall towards 1.7915 - 1.7869 as its corrective rally could falter in 1.8004 - 1.8048 area. Stop above 1.8139 zone.
EUR-AUD	One more dip to 1.4451 - 1.4414 is likely followed by a grind higher to 1.4546.
GBP-CHF	It should try higher up to 1.6700 - 1.6725. Entry point 1.6675 or 1.6654. After this rise, a correction is expected.
GBP-JPY	Strength can extend to 133.21 or even 133.80 as declines are expected to find support at 132.62 or 132.03. Stop Loss below 131.45 zone.
GBP-CAD	It should try higher up to 1.5191 - 1.5215. Entry point 1.5167 or 1.5147. After this rise, a correction is expected.
GBP-AUD	It should try higher up to 1.7567 - 1.7608. Entry point 1.7526 or 1.7496. After this rise, a correction is expected.
CAD-JPY	Resistances lie around 87.89 and 88.25. It should test lower towards 86.69 zone. A clear break of 87.08 would be bearish.
NZD-JPY	There are initial signs of a good corrective recovery towards 61.37 or even 61.68. Supports at 60.67 and 60.28 zone.
AUD-JPY	There are initial signs of a good corrective recovery towards 76.08 or even 76.47. Supports at 75.24 and 74.80 zone.
XAG-USD	It looks more likely that it would rise to 18.31 - 18.47 from 18.12 or 18.04. After which a downside move is expected.
XAU-USD	Market should hold major support at 1222.44 before rising towards 1242.24 or even 1251.28 limit.

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