Daily Market Comments - Friday 15 May 2009

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.3652 - 1.3694 after which weakness may set it to a drift down to below 1.3554 limit.
USD-CHF	Current move should be supported in 1.1034 - 1.1004 zone for a rise to 1.1101. A break below 1.0967 opens the way down.
GBP-USD	It should test 1.5404 area after which a sell off down to 1.5116 or extended to 1.4994 area is expected.
USD-JPY	Market should hold major support at 95.0796 before rising towards 96.0667 or even 96.3333 limit.
EUR-JPY	It should test 132.2100 area after which a sell off down to 129.3733 or extended to 128.0767 area is expected.
EUR-CHF	It is likely to fall towards 1.5037 - 1.5012 unless a corrective rally breaks the 1.5074 resistance. Stop above 1.5086 zone.
EUR-GBP	There are initial signs of a good corrective recovery towards 0.8979 or even 0.8989. Supports at 0.8949 and 0.8930 zone.
USD-CAD	There are initial signs of a good corrective recovery towards 1.1740 or even 1.1759. Supports at 1.1688 and 1.1654 zone.
NZD-USD	It should test 0.6055 area after which a sell off down to 0.5891 or extended to 0.5814 area is expected.
AUD-USD	It should test 0.7722 area after which a sell off down to 0.7506 or extended to 0.7354 area is expected.
XAG-USD	It should test 14.3300 area after which a sell off down to 13.8233 or extended to 13.5967 area is expected.
XAU-USD	Corrective dips should ideally halt near 923.3201 or 921.4634 for one more thrust upwards towards 927.5651 - 929.9534 area or 933.6667 in extention. Fall below 916.6867 puts it back on a downward path.

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