Daily Market Comments - Monday 14 June 2010

[RTFX-Trading]

EUR-USD	There are initial signs of a good corrective recovery towards 1.2123 or even 1.2149. Supports at 1.2070 and 1.2042 zone.
USD-CHF	Currently uptrend should end around 1.1527 - 1.1567 area. A correction down to 1.1456 - 1.1426 is expected. A rise above 1.1627 will abort the expected correction.
GBP-USD	It looks more likely that it would rise to 1.4689 - 1.4851 from 1.4516 or 1.4435. After which a downside move is expected.
USD-JPY	Current rise seems to be over near 91.73 or 91.91 for a retracement towards 91.56 - 91.44 area.
USD-CAD	It is likely to fall towards 1.0294 - 1.0250 unless a corrective rally breaks the 1.0363 resistance. Stop above 1.0385 zone.
NZD-USD	Currently uptrend should end around 0.6992 - 0.6946 area. A correction down to below 0.6838 is expected. A rise above 0.6982 will abort the expected correction.
AUD-USD	Current rise should end around 0.8532. Objectives of this downmove are 0.8451 or 0.8399. A rise above 0.8559 is again bullish.
EUR-JPY	While below 111.14 - 111.42 it is more likely to fall further towards 110.59 or 110.32. Premature rise above 111.42 could see it rising above 111.96 zone.
EUR-CHF	Current upmove should be ended around 1.3931 - 1.3969. Any correction consolidation should find support in 1.3866 - 1.3839 zone.
EUR-GBP	It should try higher up to 0.8326 - 0.8364. Entry point 0.8287 or 0.8268. After this rise, a correction is expected.
EUR-CAD	A drift down to 1.2467 - 1.2432 from 1.2502 - 1.2523 area could be followed by a consolidation/corrective activity.
EUR-NZD	Market should not go lower than 1.7387. After this move down it should go up to 1.7700 area.
EUR-AUD	Support at 1.4215 or 1.4167 should hold the downside for a correction to above 1.4317 zone.
GBP-CHF	It looks more likely that it would rise to 1.6821 - 1.6927 from 1.6703 or 1.6650. After which a downside move is expected.
GBP-JPY	It looks more likely that it would rise to 134.67 from 132.94 or 132.20. After which a downside move is expected.
GBP-CAD	There is bearish potential for a fall to 1.4933 while 1.5092 - 1.5134 resist. After this fall a recovery up to 1.5134 or 1.5175 is expected.
GBP-AUD	Market should not go lower than 1.7080 - 1.6949. After this move down it should go up to 1.7278 - 1.7344 area.
CAD-JPY	While below 88.87 - 89.15 it is more likely to fall further towards 88.35 or 88.11. Premature rise above 89.15 could see it rising above 89.62 zone.
NZD-JPY	Currently uptrend should end around 64.34 - 63.72 area. A correction down to below 62.62 is expected. A rise above 64.10 will abort the expected correction.
AUD-JPY	Currently uptrend should end around 78.77 - 78.34 area. A correction down to below 77.27 is expected. A rise above 78.71 will abort the expected correction.
XAG-USD	It looks more likely that it would rise to 18.47 - 18.72 from 18.14 or 18.01. After which a downside move is expected.
XAU-USD	If market stays below 1228.78 a fall to 1218.47 is expected. If market breaks the point 1232.97 it could reach the sky.

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