Daily Market Comments - Monday 29 June 2009

[RTFX-Trading]

EUR-USD	While below 1.4093 - 1.4130 it is more likely to fall further towards 1.4025 or 1.3995. Premature rise above 1.4130 could see it rising above 1.4191 zone.
USD-CHF	Market should not go lower than 1.0735. After this move down it should go up to 1.0879 - 1.0907 area.
GBP-USD	Currently uptrend should end around 1.6585 - 1.6602 area. A correction down to below 1.6407 is expected. A rise above 1.6679 will abort the expected correction.
USD-JPY	Market should not go lower than 95.1150 - 94.8033. After this move down it should go up to 95.6200 - 95.8133 area.
EUR-JPY	Preferred view is for a fall to 133.8250 - 133.4533 while 134.4350 - 134.6733 area resists. A clear break of 135.4167 would be bullish.
EUR-CHF	Market should not go lower than 1.5213 - 1.5175. After this move down it should go up to 1.5269 - 1.5288 area.
EUR-GBP	There are initial signs of a good corrective recovery towards 0.8542 or even 0.8555. Supports at 0.8508 and 0.8488 zone.
USD-CAD	Market should hold major support at 1.1440 before rising towards 1.1588 or even 1.1635 limit.
NZD-USD	Currently uptrend should end around 0.6474 - 0.6487 area. A correction down to below 0.6419 is expected. A rise above 0.6516 will abort the expected correction.
AUD-USD	One move lower to 0.8033 or 0.7997 is anticipated while below 0.8078 - 0.8096 area. Stop loss above 0.8123 zone.
XAG-USD	Resistances lie around 14.2150 and 14.2800. It should test lower towards 13.9700 zone. A clear break of 13.9500 would be bearish.
XAU-USD	Preferred view is for a fall to 938.4150 - 935.0300 while 944.4100 - 947.0200 area resists. A clear break of 953.7900 would be bullish.

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.