Daily Market Comments - Tuesday 18 August 2009

[RTFX-Trading]

EUR-USD	It may meet resistance in 1.4082 - 1.4107 zone for a drift down to 1.4020 zone, after which bounce to 1.4170 is anticipated.
USD-CHF	Resistances lie around 1.0807 and 1.0832. It should test lower towards 1.0727 zone. A clear break of 1.0774 would be bearish.
GBP-USD	One more dip to 1.6312 - < s1> is likely followed by a grind higher to 1.6434 - 1.6486. After which it can resume its downtrend.
USD-JPY	It may meet resistance in 94.5100 - 94.5300 zone for a drift down to 94.1900 zone, after which bounce to 94.8500 is anticipated.
USD-CAD	One move lower to 1.1010 or 1.0934 is anticipated while below 1.1105 - 1.1143 area. Stop loss above 1.1200 zone.
NZD-USD	Current fall is near an end of wave around 0.6627 zone, a rally should then procede to above 0.6745. Fall below 0.6576 would cancel this scenario.
AUD-USD	It may meet resistance in 0.8204 - 0.8225 zone for a drift down to 0.8135 zone, after which bounce to 0.8294 is anticipated.
EUR-JPY	It may meet resistance in 133.0800 - 133.3733 zone for a drift down to 132.2167 zone, after which bounce to 134.2367 is anticipated.
EUR-CHF	It should be subject to more weakness towards 1.5156. After which a correction to above 1.5222 is anticipated. A break of 1.5134 is bearish.
EUR-GBP	While below 0.8614 or 0.8616 it could fall towards below 0.8586 or 0.8558. After which a corrective/consolidation activity is expected to 0.8630 zone.
GBP-CHF	It looks set to visit further lower territory down to around 1.7605 - 1.7560. Its corrective attempts should fail ahead of 1.7605 - 1.7713. Stop loss above 1.7804 zone.
GBP-JPY	It may meet resistance in 154.4900 - 154.8467 zone for a drift down to 153.1233 zone, after which bounce to 156.2133 is anticipated.
NZD-JPY	Current fall is near an end of wave around 62.4233 zone, a rally should then procede to above 63.9433. Fall below 61.7467 would cancel this scenario.
AUD-JPY	It may meet resistance in 77.5400 - 77.8033 zone for a drift down to 76.7867 zone, after which bounce to 78.5567 is anticipated.
XAG-USD	One more dip to 13.9200 - < s1> is likely followed by a grind higher to 14.3650 - 14.5433. After which it can resume its downtrend.
XAU-USD	One more dip to 932.4250 - < s1> is likely followed by a grind higher to 941.5251 - 945.2668. 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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