Daily Market Comments - Wednesday 12 August 2009

[RTFX-Trading]

EUR-USD	It looks set for gains to 1.4186. Supports at 1.4130 and 1.4111. A break of 1.4073 will damage this bullish structure.
USD-CHF	Market should pop up towards 1.0842 or 1.0858 this bullish scenario would be damaged if 1.0805 - 1.0784 zone is broken, a severe break down could then occur.
GBP-USD	It should try higher up to 1.6501 - 1.6524. Entry point 1.6478 or 1.6456. After this rise, a correction is expected.
USD-JPY	Market should pop up towards 96.5800 or 96.8533 this bullish scenario would be damaged if 95.8750 - 95.4433 zone is broken, a severe break down could then occur.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1110 or 1.1087 if support around 1.0976 hold. After which a pullback to 1.0976 - 1.0941 zone is possible.
NZD-USD	Market should not go lower than 0.6666 - 0.6631. After this move down it should go up to 0.6721 - 0.6741 area.
AUD-USD	Market should not go lower than 0.8283 - 0.8248. After this move down it should go up to 0.8340 - 0.8361 area.
EUR-JPY	One more dip to 135.5350 is likely followed by a grind higher to 137.0767. After which it can resume its downtrend.
EUR-CHF	It is likely to fall towards 1.5295 - 1.5276 as its corrective rally could falter in 1.5330 - 1.5345 area. Stop above 1.5383 zone.
EUR-GBP	Should test support at 0.8561 while below 0.8586. If support at 0.8561 holds it can rise up to 0.8614, if not it should fall to below 0.8535 zone.
GBP-CHF	It may meet resistance in 1.7827 - 1.7848 zone for a drift down to 1.7781 zone, after which bounce to 1.7894 is anticipated.
GBP-JPY	It may meet resistance in 158.1900 - 158.7533 zone for a drift down to 157.2767 zone, after which bounce to 159.6667 is anticipated.
NZD-JPY	Market should not go lower than 63.9400 - 63.3367. After this move down it should go up to 64.8950 - 65.2467 area.
AUD-JPY	Market should not go lower than 78.6699. After this move down it should go up to 80.4900 - 80.8900 area.
XAG-USD	Current fall is near an end of wave around 14.2167 zone, a rally should then procede to above 14.4567. Fall below 14.1133 would cancel this scenario.
XAU-USD	Market should hold major support at 939.7246 before rising towards 949.9933 or even 953.8367 limit.

Trading Desk, RTFX Ltd
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