Daily Market Comments - Friday 07 August 2009

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.4337 - 1.4306. After this move down it should go up to 1.4388 - 1.4408 area.
USD-CHF	Current upmove should be ended around 1.0667 - 1.0688. Any correction consolidation should find support in 1.0628 - 1.0611 zone.
GBP-USD	Market should not go lower than 1.6767 - 1.6678. After this move down it should go up to 1.6907 - 1.6958 area.
USD-JPY	Currently uptrend should end around 95.6300 - 95.9166 area. A correction down to below 94.8766 is expected. A rise above 96.3833 will abort the expected correction.
USD-CAD	Currently uptrend should end around 1.0788 - 1.0825 area. A correction down to below 1.0703 is expected. A rise above 1.0873 will abort the expected correction.
NZD-USD	It is likely to fall towards 0.6696 - 0.6680 as its corrective rally could falter in 0.6725 - 0.6738 area. Stop above 0.6770 zone.
AUD-USD	Prefer a fall to 0.8382 or 0.8356. Then a correction to 0.8428 is anticipated. A clear break of 0.8316 is again bearish.
EUR-JPY	It looks more likely that it would rise to 137.7367 - 138.5333 from 136.7650 or 136.3667. After which a downside move is expected.
EUR-CHF	Decline should be supported around 1.5269 - 1.5253 zone for rally to above 1.5313. A clear break of 1.5253 will damage this expected rally.
EUR-GBP	It should try higher up to 0.8555 - 0.8588. Entry point 0.8522 or 0.8501. After this rise, a correction is expected.
GBP-CHF	There is bearish potential for a fall to 1.7799 while 1.7945 - 1.7986 resist. After this fall a recovery up to 1.7986 or 1.8027 is expected.
GBP-JPY	There is bearish potential for a fall to 159.3267 while 160.8633 - 161.3050 resist. After this fall a recovery up to 161.3050 or 161.7467 is expected.
NZD-JPY	It is a triangle configuration . Market should break either side. Acceleration should occur above 64.4800 or under 63.6000 limits.
AUD-JPY	While below 80.2100 it might drop to 79.6100 or below 79.0900 zone.
XAG-USD	It looks more likely that it would rise to 14.9367 - 15.3033 from 14.5000 or 14.3167. After which a downside move is expected.
XAU-USD	Market should pop up towards 967.6151 or 971.3634 this bullish scenario would be damaged if 959.8751 - 955.8834 zone is broken, a severe break down could then occur.

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

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