Weekly Market Comments - Monday 13 July 2009

[RTFX-Trading]

EUR-USD	One more dip to 1.3891 - 1.3830 is likely followed by a grind higher to 1.4010 - 1.4069. After which it can resume his downtrend.
USD-CHF	While above 1.0800 - 1.0747 zone a corrective dip could test 1.0852 or 1.0952. After which it should resume his downtrend.
GBP-USD	Market should hold major support at 1.5867 before rising towards 1.6397 or even 1.6586 limit.
USD-JPY	Market should not go lower than 92.1000 - 90.7767. After this move down it should go up to 94.2400 - 95.0567 area.
EUR-JPY	One more dip to 127.9600 is likely followed by a grind higher to 132.9867. After which it can resume its downtrend.
EUR-CHF	It should register further gains to 1.5191 while 1.5091 - 1.5051 caps downside attempts. Stop loss below 1.4991 zone.
EUR-GBP	While below 0.8638 - 0.8672 it is more likely to fall further towards 0.8571 or 0.8538. Premature rise above 0.8672 could see it rising above 0.8739 zone.
USD-CAD	While below 1.1731 it is more likely to fall further towards 1.1638 or 1.1594 level.
NZD-USD	Current fall is near an end of wave around 0.6182 zone, a rally should then procede to above 0.6380. Fall below 0.6090 would cancel this scenario.
AUD-USD	Market should not go lower than 0.7659. After this move down it should go up to 0.7911 - 0.7973 area.
XAG-USD	It may meet resistance in 12.8900 - 13.0650 zone for a drift down to below 12.3300 zone.
XAU-USD	Current fall is near an end of wave around 901.0134 zone, a rally should then procede to above 928.6334. Fall below 889.2867 would cancel this scenario.

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

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