Daily Market Comments - Friday 03 July 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.3943 while 1.4049 - 1.4079 resist. After this fall a recovery up to 1.4079 or 1.4108 is expected.
USD-CHF	If market stays below 1.0856 a fall to 1.0767 is expected. If market breaks the point 1.0895 it could reach the sky.
GBP-USD	null
USD-JPY	null
EUR-JPY	There is bearish potential for a fall to 133.3900 while 135.0800 - 135.5500 resist. After this fall a recovery up to 135.5500 or 136.0200 is expected.
EUR-CHF	It looks set to visit further lower territory down to around 1.5180 - 1.5158. Its corrective attempts should fail ahead of 1.5216 or 1.5230. Stop loss above 1.5274 zone.
EUR-GBP	Preferred view is for a fall to 0.8537 - 0.8505 while 0.8586 - 0.8603 area resists. A clear break of 0.8666 would be bullish.
USD-CAD	It should be subject to more sell off towards 1.1524 or 1.1418. Corrective upward swings should face resistance around 1.1788 area. A break of 1.1740 is bullish.
NZD-USD	Market should not go lower than 0.6225. After this move down it should go up to 0.6372 area.
AUD-USD	Market should not go lower than 0.7936 - 0.7882. After this move down it should go up to 0.8019 - 0.8047 area.
XAG-USD	Market should not go lower than 13.3500 - 13.2000. After this move down it should go up to 13.6000 - 13.7000 area.
XAU-USD	While above 928.2351 - 923.6968 zone a corrective upmove could test 935.8351 or 938.8967. After which it should resume its downtrend.

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

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