Daily Market Comments - Friday 18 September 2009

EUR-USD Current rise should end around 1.4776. Objectives of this downmove are 1.4697 or 1.4653. A rise above 1.4811 is again bullish.

USD-CHF No comment!

GBP-USD While below 1.6510 - 1.6538 it might drop to 1.6396 or 1.6340.

USD-JPY Current upmove should be ended around 91.3500 - 91.6267. Any correction consolidation should find support in 90.8050 - 90.5367 zone.

USD-CAD Market should hold major support at 1.0560 before rising towards 1.0685 or even 1.0723 limit.

NZD-USD It looks more likely that it would rise to 0.7150 - 0.7192 from 0.7094 or 0.7073. After which a downside move is expected.

AUD-USD There are initial signs of a good corrective recovery towards 0.8751 or even 0.8771. Supports at 0.8709 and 0.8687 zone.

EUR-JPY Current rise should end around 134.8934. Objectives of this downmove are 133.5334 or 132.7967. A rise above 135.5167 is again bullish.

EUR-CHF It looks more likely that it would rise to 1.5213 - 1.5266 from 1.5152 or 1.5126. After which a downside move is expected.

EUR-GBP Currently uptrend should end around 0.8977 - 0.8987 area. A correction down to below 0.8915 is expected. A rise above 0.9014 will abort the expected correction.

GBP-CHF There is bearish potential for a fall to 1.6910 - 1.6845 while 1.6975 - 1.7011 resist. After this fall a recovery up to 1.7011 or 1.7048 is expected.

GBP-JPY It looks more likely that it would rise to 150.8400 - 151.8300 from 149.7250 or 149.2300. After which a downside move is expected.

NZD-JPY There are initial signs of a good corrective recovery towards 64.9700 or even 65.1067. Supports at 64.6450 and 64.4567 zone.

AUD-JPY Resistances lie around 79.6850 and 79.8700. It should test lower towards 79.1100 zone. A clear break of 79.4200 would be bearish.

XAG-USD Preferred view is for a fall to 17.2300 - 17.0833 while 17.4700 - 17.5633 area resists. A clear break of 17.8567 would be bullish.

XAU-USD Preferred view is for a fall to 1011.9900 - 1007.9033 while 1018.9100 - 1021.7433 area resists. A clear break of 1029.9167 would be bullish.