Daily Market Comments - Tuesday 23 June 2009

[RTFX-Trading]

EUR-USD	Market should pop up towards 1.3912 or 1.3941 this bullish scenario would be damaged if 1.3846 - 1.3810 zone is broken, a severe break down could then occur.
USD-CHF	Currently uptrend should end around 1.0879 - 1.0908 area. A correction down to 1.0828 - 1.0804 is expected. A rise above 1.0955 will abort the expected correction.
GBP-USD	It looks more likely that it would rise to 1.6468 - 1.6588 from 1.6334 or 1.6274. After which a downside move is expected.
USD-JPY	Current fall is near an end of wave around 95.6167 zone, a rally should then procede to above 96.2067. Fall below 95.3733 would cancel this scenario.
EUR-JPY	Market should pop up towards 133.6100 or 133.9800 this bullish scenario would be damaged if 132.7150 - 132.1900 zone is broken, a severe break down could then occur.
EUR-CHF	Current fall is near an end of wave around 1.5050 zone, a rally should then procede to above 1.5077. Fall below 1.5037 would cancel this scenario.
EUR-GBP	Market should hold major support at 0.8407 before rising towards 0.8513 or even 0.8545 limit.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1625 or 1.1624 if support around 1.1480 hold. After which a pullback to 1.1480 - 1.1442 zone is possible.
NZD-USD	Market should not go lower than 0.6289 - 0.6242. After this move down it should go up to 0.6360 - 0.6384 area.
AUD-USD	Market should not go lower than 0.7854 - 0.7784. After this move down it should go up to 0.7960 - 0.7996 area.
XAG-USD	Market should not go lower than 13.7200 - 13.5533. After this move down it should go up to 13.9800 - 14.0733 area.
XAU-USD	Market should pop up towards 928.9250 or 932.4567 this bullish scenario would be damaged if 920.4651 - 915.5367 zone is broken, a severe break down could then occur.

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

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