Daily Market Comments - Wednesday 24 June 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4092 - 1.4180 area. A correction down to 1.3953 - 1.3901 is expected. A rise above 1.4284 will abort the expected correction.
USD-CHF	Market should not go lower than 1.0654 - 1.0579. After this move down it should go up to 1.0775 - 1.0819 area.
GBP-USD	It should test 1.6679 area after which a sell off down to 1.6284 or extended to 1.6019 area is expected.
USD-JPY	One more dip to 95.0500 - < s1> is likely followed by a grind higher to 95.5900 - 95.8267. After which it can resume its downtrend.
EUR-JPY	It should trade higher to 135.1500 or above 136.2600 in extention. Supports at 132.7350 and 132.1800. Stop loss below 130.3200 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.5016 - 1.5001. Its corrective attempts should fail ahead of 1.5039 or 1.5048. Stop loss above 1.5078 zone.
EUR-GBP	While below 0.8578 - 0.8612 it is more likely to fall further towards 0.8515 or 0.8487. Premature rise above 0.8612 could see it rising above 0.8668 zone.
USD-CAD	There are initial signs of a good corrective recovery towards 1.1538 or even 1.1563. Supports at 1.1480 and 1.1447 zone.
NZD-USD	Difficult to predict the next move. If first down it should hold 0.6326 or 0.6295. If first up it should face resistance in 0.6408 - 0.6459 zone to 0.6295 zone.
AUD-USD	It should test 0.8049 area after which a sell off down to 0.7826 or extended to 0.7712 area is expected.
XAG-USD	It should try higher up to 13.8750 - 13.9567. Entry point 13.7933 or 13.7400. After this rise, a correction is expected.
XAU-USD	It should test 936.5399 area after which a sell off down to 916.8633 or extended to 908.0866 area is expected.

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

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