Daily Market Comments - Tuesday 11 August 2009

[RTFX-Trading]

EUR-USD	It may meet resistance in 1.4140 - 1.4154 zone for a drift down to 1.4090 zone, after which bounce to 1.4205 is anticipated.
USD-CHF	One move lower to 1.0807 or 1.0760 is anticipated while below 1.0868 - 1.0892 area. Stop loss above 1.0930 zone.
GBP-USD	Market should not go lower than 1.6333. After this move down it should go up to 1.6657 area.
USD-JPY	A corrective rise should ideally test 97.6167 or even higher than 98.0833. Supports are at 96.8100. Stop loss below 96.4433 zone.
USD-CAD	Current upmove should be ended around 1.0909 - 1.0946. Any correction consolidation should find support in 1.0842 - 1.0813 zone.
NZD-USD	null
AUD-USD	While below 0.8401 - 0.8425 it might drop to 0.8327 or 0.8280.
EUR-JPY	While above 137.1450 - 136.6566 zone a corrective dip could test 137.6333 or 138.3366. After which it should resume his downtrend.
EUR-CHF	Our preferred view is for a drift down to 1.5333 or below 1.5319. Resistances is at 1.5341. A rise above 1.5363 would delay but not abort this expected fall.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8590 or 0.8621 if support around 0.8557 hold. After which a pullback to 0.8557 - 0.8535 zone is possible.
GBP-CHF	There is bearish potential for a fall to 1.7870 - 1.7801 while 1.7939 - 1.7984 resist. After this fall a recovery up to 1.7984 or 1.8029 is expected.
GBP-JPY	Prefer a fall to 159.7550 or 158.6867. Then a correction to 161.5400 is anticipated. A clear break of 157.2533 is again bearish.
NZD-JPY	One move lower to 65.3367 or 64.9433 is anticipated while below 65.8300 - 66.0267 area. Stop loss above 66.3233 zone.
AUD-JPY	There are initial signs of a good corrective recovery towards 81.6750 or even 81.9433. Supports at 81.1050 and 80.8033 zone.
XAG-USD	null
XAU-USD	One more dip to 944.4501 - < s1> is likely followed by a grind higher to 951.6500 - 954.6834. After which it can resume its downtrend.

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

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