Daily Market Comments - Tuesday 04 August 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4570 or 1.4503 if support around 1.4354 hold. After which a pullback to 1.4354 - 1.4309 zone is possible.
USD-CHF	It may meet resistance in 1.0630 - 1.0663 zone for a drift down to below 1.0527 zone.
GBP-USD	One move lower to 1.6754 or 1.6580 is anticipated while below 1.6957 - 1.7044 area. Stop loss above 1.7160 zone.
USD-JPY	If market stays below 95.3400 a fall to 94.7667 is expected. If market breaks the point 95.5867 it could reach the sky.
USD-CAD	Market should not go lower than 1.0583. After this move down it should go up to 1.0752 area.
NZD-USD	Currently uptrend should end around 0.6748 - 0.6716 area. A correction down to below 0.6620 is expected. A rise above 0.6751 will abort the expected correction.
AUD-USD	One move lower to 0.8360 or 0.8300 is anticipated while below 0.8430 - 0.8460 area. Stop loss above 0.8500 zone.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 138.3434 or 138.3867 if support around 136.4833 hold. After which a pullback to 136.4833 - 135.9400 zone is possible.
EUR-CHF	It may attempt a test higher to 1.5278 - 1.5294 after which weakness may set it to a drift down to below 1.5235 limit.
EUR-GBP	Market should hold major support at 0.8462 before rising towards 0.8547 or even 0.8580 limit.
GBP-CHF	While below 1.7934 or 1.7935 it could fall towards below 1.7840 or 1.7745. After which a corrective/consolidation activity is expected to 1.7982 zone.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 163.2003 or 162.6633 if support around 160.3867 hold. After which a pullback to 160.3867 - 159.6850 zone is possible.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 64.0468 or 64.1033 if support around 63.2667 hold. After which a pullback to 63.2667 - 63.0450 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 80.7366 or 80.7133 if support around 79.8567 hold. After which a pullback to 79.8567 - 79.6050 zone is possible.
XAG-USD	One move lower to 13.9567 or 13.6433 is anticipated while below 14.3700 - 14.5267 area. Stop loss above 14.7833 zone.
XAU-USD	Should test support at 951.8434 while below 956.8800. If support at 951.8434 holds it can rise up to 962.1735, if not it should fall to below 946.8067 zone.

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

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.