Daily Market Comments - Tuesday 26 May 2009

[RTFX-Trading]

EUR-USD	A correction down to 1.3971 or lower is now expected from 1.4027 or 1.4050. A break above 1.4083 is needed to turn bullish.
USD-CHF	Upside potential exists for a rise to above 1.0861. Supports are at 1.0828 and 1.0823 zone.
GBP-USD	Uptrend is still intact. It should continue to rally to 1.6000 or 1.6060 if supports at 1.5895 - 1.5872 area hold. Stop loss below 1.5850.
USD-JPY	While below 95.2133 it is more likely to fall further towards 94.8167 or 94.6250 level.
EUR-JPY	While below 133.1750 - 133.5433 it is more likely to fall further towards 132.4950 or 132.1833. Premature rise above 133.5433 could see it rising above 134.1666 zone.
EUR-CHF	Our preferred outlook is for a drift down to 1.5152 or below 1.5131. Resistances are at 1.5173 and 1.5182. A rise above 1.5203 would delay but not abort this expected fall.
EUR-GBP	null
USD-CAD	It should test 1.1246 area after which a sell off down to 1.1197 or extended to 1.1154 area is expected.
NZD-USD	Uptrend is still intact. It should continue to rally to 0.6208 or 0.6229 if supports at 0.6188 area hold. Then we anticipate a pullback to 0.6188 - 0.6176 zone.
AUD-USD	It should be subject to more sell off towards 0.7784 or 0.7746. Corrective upward swings should face resistance around 0.7853 area. A break of 0.7874 is bullish.
XAG-USD	Currently uptrend should end around 14.7834 - 14.8367 area. A correction down to below 14.6267 is expected. A rise above 14.9133 will abort the expected correction.
XAU-USD	It should trade higher to 961.7166 while 955.9500 or 954.5667 offers support. Stop loss below 950.1833 zone.

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

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