Daily Market Comments - Friday 24 July 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.4131 - 1.4078 while 1.4185 - 1.4217 resist. After this fall a recovery up to 1.4217 or 1.4249 is expected.
USD-CHF	Current rise seems to be over near 1.0761 or 1.0804 for a retracement towards 1.0719 - 1.0692 area.
GBP-USD	It looks more likely that it would rise to 1.6565 - 1.6652 from 1.6456 or 1.6412. After which a downside move is expected.
USD-JPY	Current rise seems to be over near 95.1100 or 95.6367 for a retracement towards 94.5833 - 94.2300 area.
USD-CAD	One more dip to 1.0864 - < s1> is likely followed by a grind higher to 1.0949 - 1.0985. After which it can resume its downtrend.
NZD-USD	There is bearish potential for a fall to 0.6490 while 0.6558 - 0.6581 resist. After this fall a recovery up to 0.6581 or 0.6605 is expected.
AUD-USD	There is bearish potential for a fall to 0.8078 while 0.8150 - 0.8171 resist. After this fall a recovery up to 0.8171 or 0.8192 is expected.
EUR-JPY	Strength can extend to 134.9750 or even 135.6867 as declines are expected to find support at 134.2633 or 133.5800. Stop Loss below 132.8967 zone.
EUR-CHF	Current upmove should be ended around 1.5225 - 1.5250. Any correction consolidation should find support in 1.5179 - 1.5157 zone.
EUR-GBP	Market should not go lower than 0.8578 - 0.8555. After this move down it should go up to 0.8616 - 0.8630 area.
GBP-CHF	Current rise seems to be over near 1.7729 or 1.7795 for a retracement towards 1.7662 - 1.7624 area.
GBP-JPY	Current rise seems to be over near 157.0300 or 158.0900 for a retracement towards 155.9700 - 155.1450 area.
NZD-JPY	Resistances lie around 62.4550 and 62.7567. It should test lower towards 61.4567 zone. A clear break of 61.7800 would be bearish.
AUD-JPY	While below 77.0900 or 77.1300 it could fall towards below 76.2100 or 75.3300. After which a corrective/consolidation activity is expected to 77.5700 zone.
XAG-USD	Resistances lie around 13.8050 and 13.8633. It should test lower towards 13.6133 zone. A clear break of 13.6800 would be bearish.
XAU-USD	It looks more likely that it would rise to 955.2567 - 961.3134 from 948.4150 or 945.3867. After which a downside move is expected.

Trading Desk, RTFX Ltd
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