Daily Market Comments - Thursday 23 July 2009

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.4238 - after which weakness may set it to a drift down to 1.4164 limit.
USD-CHF	While below 1.0686 - 1.0704 it might drop to 1.0621 or 1.0584.
GBP-USD	It should test 1.6669 area after which a sell off down to 1.6369 or extended to 1.6243 area is expected.
USD-JPY	Market should hold major support at 92.8828 before rising towards 93.9833 or even 94.3067 limit.
EUR-JPY	Market should hold major support at 131.8134 before rising towards 133.8167 or even 134.4533 limit.
EUR-CHF	It should be subject to more weakness towards 1.5144. After which a correction to above 1.5171 is anticipated. A break of 1.5133 is bearish.
EUR-GBP	There are initial signs of a good corrective recovery towards 0.8657 or even 0.8669. Supports at 0.8623 and 0.8600 zone.
USD-CAD	Market should not go lower than 1.0973 - 1.0934. After this move down it should go up to 1.1042 - 1.1073 area.
NZD-USD	Currently uptrend should end around 0.6608 - 0.6634 area. A correction down to below 0.6533 is expected. A rise above 0.6682 will abort the expected correction.
AUD-USD	Corrective dips should ideally halt near 0.8128 or 0.8101 for one more thrust upwards towards 0.8185 - 0.8213 area or 0.8268 in extention. Fall below 0.8044 puts it back on a downward path.
XAG-USD	It looks set for gains to 13.8433. Supports at 13.5450 and 13.4733. A break of 13.2467 will damage this bullish structure.
XAU-USD	Currently uptrend should end around 952.9750 - 955.6700 area. A correction down to below 945.8600 is expected. A rise above 960.0900 will abort the expected correction.

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