Daily Forex Analysis - June 9, 2009

EURUSD Analysis. Being contained by 1.3793 key support, EURUSD rebounds from 1.3804 level. However, the rise from 1.3804 is treated as consolidation of downtrend from 1.4338. Pullback to re-test 1.3793 would more likely be seen after today. A break downbound beneath this verify module signal deeper start to 1.3600-1.3650 area. Near constituent status is at 1.4080, exclusive rise above this verify module inform that the start from 1.4338 has completed, and then arrange trading between 1.3793 and 1.4338 could be seen to follow.

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AUDUSD Analysis. AUDUSD breaks beneath 0.7913 support. Deeper start is due to 0.7700-0.7750 Atlantic after today. Near constituent status is at the falling way line from 0.8263 to 0.8121. A country break above the way line status module inform that the start from 0.8263 has completed.

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USDCAD Analysis. USDCAD remains in brief constituent uptrend from 1.0784. Further rise towards 1.1400 to reach the next brief constituent wheel top on 4-hour interpret is due in a unify of days. Key support is at 1.0928, beneath this verify module inform that the rise from 1.0784 has completed and the downtrend from 1.3063 has resumed.

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USDCHF Analysis. USDCHF remains in brief constituent uptrend from 1.0590. Further rise is ease possible to 1.1050-1.1100 area. Near constituent support is at 1.0750, beneath this verify module inform that the rebound from 1.0590 has completed, then deeper start could be seen to effort 1.0590 previous baritone support.

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USDJPY Analysis. USDJPY traded in a narrow arrange between 98.20 and 98.90 in last trading day. Further rise is ease in favor and next target is to effort 99.64 (May 7 high) resistance. Near constituent support is at 97.70, as long as this verify holds, the uptrend from 94.44 module continue.

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GBPUSD Analysis. Being contained by the key support of 1.5777, GBPUSD rebounds from 1.5801 level. The unify might be forming a brief constituent wheel bottom on 4-hour chart. Rise to 1.6300-1.6400 Atlantic is due in a unify of days. However, a break downbound beneath 1.5777 verify module inform that the uptrend from 1.4397 has completed at 1.6662 verify already, and then the mass downtrend module verify price to 1.5500 zone.

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