Daily Market Comments - Wednesday 08 July 2009

[RTFX-Trading]

EUR-USD	Prefer a fall to 1.3914 or 1.3868. Then a correction to 1.3987 is anticipated. A clear break of 1.3812 is again bearish.
USD-CHF	It should trade higher to 1.0934 while 1.0844 or 1.0820 offers support. Stop loss below 1.0754 zone.
GBP-USD	Market should not go lower than 1.6052. After this move down it should go up to 1.6250 area.
USD-JPY	It may meet resistance in 94.8900 - 95.0233 zone for a drift down to 94.5867 zone, after which bounce to 95.3267 is anticipated.
EUR-JPY	Market should not go lower than 131.9800 - 131.3367. After this move down it should go up to 133.0200 - 133.4167 area.
EUR-CHF	It looks set to visit further lower territory down to around 1.5152 - 1.5138. Its corrective attempts should fail ahead of 1.5176 or 1.5186. Stop loss above 1.5214 zone.
EUR-GBP	While below 0.8642 - 0.8662 it is more likely to fall further towards 0.8605 or 0.8588. Premature rise above 0.8662 could see it rising above 0.8696 zone.
USD-CAD	It should trade higher to 1.1711 while 1.1604 or 1.1581 offers support. Stop loss below 1.1498 zone.
NZD-USD	Current move should be supported in 0.6288 - 0.6253 zone for a rise to 0.6360. A break below 0.6216 opens the way down.
AUD-USD	Prefer a fall to 0.7888 or 0.7837. Then a correction to 0.7965 is anticipated. A clear break of 0.7784 is again bearish.
XAG-USD	Market should not go lower than 13.1050 - 13.0133. After this move down it should go up to 13.2500 - 13.3033 area.
XAU-USD	null

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
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