Daily Market Comments - Monday 21 June 2010

[RTFX-Trading]

EUR-USD	There are initial signs of a good corrective recovery towards 1.2395 or even 1.2409. Supports at 1.2363 and 1.2346 zone.
USD-CHF	It may meet resistance in 1.1090 - 1.1101 zone for a drift down to 1.1071 zone, after which bounce to 1.1120 is anticipated.
GBP-USD	There are initial signs of a good corrective recovery towards 1.4854 or even 1.4882. Supports at 1.4797 and 1.4767 zone.
USD-JPY	Current fall is near an end of wave around 90.43 zone, a rally should then procede to above 91.07. Fall below 90.12 would cancel this scenario.
USD-CAD	There is bearish potential for a fall to 1.0179 while 1.0246 - 1.0263 resist. After this fall a recovery up to 1.0263 or 1.0280 is expected.
NZD-USD	While below 0.7061 - 0.7074 it is more likely to fall further towards 0.7035 or 0.7022. Premature rise above 0.7074 could see it rising above 0.7099 zone.
AUD-USD	Currently uptrend should end around 0.8715 - 0.8725 area. A correction down to below 0.8665 is expected. A rise above 0.8749 will abort the expected correction.
EUR-JPY	One more dip to 112.10 - 111.87 is likely followed by a grind higher to 112.54 - 112.75. After which it can resume his downtrend.
EUR-CHF	It may meet resistance in 1.3721 - 1.3741 zone for a drift down to 1.3698 zone, after which bounce to 1.3765 is anticipated.
EUR-GBP	One more dip to 0.8337 - 0.8324 is likely followed by a grind higher to 0.8361 - 0.8372. After which it can resume his downtrend.
EUR-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.2758 or under 1.2629 limits.
EUR-NZD	It looks set to visit further lower territory down to around 1.7535 - 1.7503. Its corrective attempts should fail ahead of 1.7535 - 1.7613. Stop loss above 1.7677 zone.
EUR-AUD	There is bearish potential for a fall to 1.4185 while 1.4244 - 1.4263 resist. After this fall a recovery up to 1.4263 or 1.4282 is expected.
GBP-CHF	Current fall is near an end of wave around 1.6375 zone, a rally should then procede to above 1.6523. Fall below 1.6312 would cancel this scenario.
GBP-JPY	It is likely to fall towards 133.95 - 133.39 unless a corrective rally breaks the 134.85 resistance. Stop above 135.13 zone.
GBP-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5304 or under 1.5118 limits.
GBP-AUD	It looks set to visit further lower territory down to around 1.7010 - 1.6975. Its corrective attempts should fail ahead of 1.7010 - 1.7105. Stop loss above 1.7175 zone.
CAD-JPY	It should test 89.88 area after which a sell off down to 88.14 or extended to 87.44 area is expected.
NZD-JPY	Corrective dips should ideally halt near 63.75 or 63.58 for one more thrust upwards towards 64.12 - 64.32 area or 64.67 in extention. Fall below 63.18 puts it back on a downward path.
AUD-JPY	Difficult to predict the next move. If first down it should hold 78.67 or 78.50. If first up it should face resistance in 79.07 - 79.30 zone to 78.50 zone.
XAG-USD	Current rise should end around 19.39. Objectives of this downmove are 18.81 or 18.46. A rise above 19.62 is again bullish.
XAU-USD	While below 1259.15 - 1264.93 it is more likely to fall further towards 1248.85 or 1244.33. Premature rise above 1264.93 could see it rising above 1273.97 zone.

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