Weekly Market Comments - Monday 11 May 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3714 or 1.3768 if support around 1.3490 hold. After which a pullback to 1.3490 - 1.3419 zone is possible.
USD-CHF	Market should not go lower than 1.1062 - 1.0942. After this move down it should go up to 1.1244 - 1.1306 area.
GBP-USD	Currently uptrend should end around 1.5440 - 1.5371 area. A correction down to below 1.4969 is expected. A rise above 1.5506 will abort the expected correction.
USD-JPY	There are initial signs of a good corrective recovery towards 99.1150 or even 99.5033. Supports at 98.2050 and 97.6833 zone.
EUR-JPY	Currently uptrend should end around 135.3534 - 135.6867 area. A correction down to below 131.2667 is expected. A rise above 137.1933 will abort the expected correction.
EUR-CHF	Resistances lie around 1.5127 and 1.5150. It should test lower towards 1.5032 zone. A clear break of 1.5002 would be bearish.
EUR-GBP	It should test 0.9087 area after which a sell off down to 0.8812 or extended to 0.8683 area is expected.
USD-CAD	Support at 1.1492 or 1.1357 should hold the downside for a correction to above 1.1764 zone.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6158 or 0.6151 if support around 0.5931 hold. After which a pullback to 0.5931 - 0.5870 zone is possible.
AUD-USD	Currently uptrend should end around 0.7896 - 0.7821 area. A correction down to below 0.7427 is expected. A rise above 0.7962 will abort the expected correction.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 14.4033 or 14.6133 if support around 13.5367 hold. After which a pullback to 13.5367 - 13.2250 zone is possible.
XAU-USD	Currently uptrend should end around 920.5551 - 932.3567 area. A correction down to below 891.9167 is expected. A rise above 949.1934 will abort the expected correction.

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