Daily Market Comments - Tuesday 19 May 2009

[RTFX-Trading]

EUR-USD	It should test 1.3695 area after which a sell off down to 1.3469 or extended to 1.3376 area is expected.
USD-CHF	There are initial signs of a good corrective recovery towards 1.1203 or even 1.1224. Supports at 1.1140 and 1.1099 zone.
GBP-USD	It should try higher up to 1.5349 - 1.5426. Entry point 1.5271 or 1.5233. After this rise, a correction is expected.
USD-JPY	It should try higher up to 96.3800 - 96.9900. Entry point 95.7700 or 95.4250. After this rise, a correction is expected.
EUR-JPY	It may attempt a test higher to 130.6300 - after which weakness may set it to a drift down to 128.1600 limit.
EUR-CHF	Decline should be supported around 1.5086 - 1.5062 zone for rally to above 1.5140. A clear break of 1.5062 will damage this expected rally.
EUR-GBP	It may meet resistance in 0.8835 - 0.8845 zone for a drift down to 0.8797 zone, after which bounce to 0.8884 is anticipated.
USD-CAD	There is bearish potential for a fall to 1.1621 - 1.1556 while 1.1686 - 1.1725 resist. After this fall a recovery up to 1.1725 or 1.1764 is expected.
NZD-USD	Difficult to predict the next move. If first down it should hold 0.5892 or 0.5870. If first up it should face resistance in 0.5955 - 0.5996 zone to 0.5870 zone.
AUD-USD	It should trade higher to 0.7733 while 0.7592 or 0.7554 offers support. Stop loss below 0.7516 zone.
XAG-USD	Market should not go lower than 13.7000 - 13.5733. After this move down it should go up to 13.9200 - 14.0133 area.
XAU-USD	Market should not go lower than 916.8750 - 911.2433. After this move down it should go up to 926.0699 - 929.6333 area.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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