Weekly Market Comments - Monday 15 June 2009

[RTFX-Trading]

EUR-USD	It should be subject to more sell off towards 1.3809 or 1.3621. Corrective upward swings should face resistance around 1.4011 area. A break of 1.4367 is bullish.
USD-CHF	While above 1.0728 - 1.0642 zone a corrective dip could test 1.0814 or 1.0978. After which it should resume his downtrend.
GBP-USD	It should find support in 1.6115 - 1.5947 area for a rally to 1.7103. Unexpected fall below 1.5465 will dent this bullish view.
USD-JPY	Current upmove should continue to 99.1300 or 99.8800. Any correction should find support in 98.1100 - 97.7350 zone. A break above 99.3300 could accelerate the move up.
EUR-JPY	Uptrend is still intact. It should continue to rally to 138.0200 or 138.7967 if supports at 137.2433 area hold. Then we anticipate a pullback to 137.2433 - 136.7000 zone.
EUR-CHF	While above 1.5106 - 1.5070 zone a corrective dip could test 1.5142 or 1.5199. After which it should resume his downtrend.
EUR-GBP	Market should not go lower than 0.8501 - 0.8403. After this move down it should go up to 0.8657 - 0.8716 area.
USD-CAD	Currently uptrend should end around 1.1235 - 1.1332 area. A correction down to 1.1060 - 1.0983 is expected. A rise above 1.1486 will abort the expected correction.
NZD-USD	It should be subject to more sell off towards 0.6290 or 0.6230. Corrective upward swings should face resistance around 0.6658 area. A break of 0.6667 is bullish.
AUD-USD	It should find support in 0.7981 - 0.7895 area for a rally to 0.8475. Unexpected fall below 0.7657 will dent this bullish view.
XAG-USD	It might hold above 14.7900 or 14.5433 for a rise towards above 15.3333. Stop loss below 14.2467 zone.
XAU-USD	Support at 937.8101 or 928.5300 should hold the downside for a correction to above 957.6301 zone.

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

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.