Daily Market Comments - Wednesday 19 August 2009

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.4146 - 1.4172 after which weakness may set it to a drift down to below 1.4083 limit.
USD-CHF	It looks more likely that it would rise to 1.0791 - 1.0827 from 1.0749 or 1.0731. After which a downside move is expected.
GBP-USD	It should trade higher to 1.6655 while 1.6490 or 1.6442 offers support. Stop loss below 1.6394 zone.
USD-JPY	While above 94.5100 - 94.2500 zone a corrective dip could test 94.7700 or 95.2000. After which it should resume his downtrend.
USD-CAD	It looks more likely that it would rise to 1.1077 - 1.1145 from 1.1006 or 1.0972. After which a downside move is expected.
NZD-USD	It looks set for gains to 0.6783. Supports at 0.6708 and 0.6691. A break of 0.6634 will damage this bullish structure.
AUD-USD	It should trade higher to 0.8296 or above 0.8324 in extention. Supports at 0.8232 and 0.8218. Stop loss below 0.8168 zone.
EUR-JPY	It should trade higher to 134.8233 while 133.8067 or 133.3050 offers support. Stop loss below 132.8033 zone.
EUR-CHF	It should be subject to more sell off towards 1.5189 or 1.5179. Corrective upward swings should face resistance around 1.5215 area. A break of 1.5247 is bullish.
EUR-GBP	No comment!
GBP-CHF	It should trade higher to 1.7902 while 1.7746 or 1.7701 offers support. Stop loss below 1.7655 zone.
GBP-JPY	It looks set for gains to 157.8900. Supports at 155.4050 and 154.8400. A break of 152.9200 will damage this bullish structure.
NZD-JPY	It should be subject to more sell off towards 63.4150 or 63.1967. Corrective upward swings should face resistance around 64.5800 area. A break of 64.7433 is bullish.
AUD-JPY	It looks set for gains to 78.8700. Supports at 77.8450 and 77.5500. A break of 76.8200 will damage this bullish structure.
XAG-USD	It may meet resistance in 14.0000 - 14.0167 zone for a drift down to 13.8333 zone, after which bounce to 14.1833 is anticipated.
XAU-USD	It should test 941.7498 area after which a sell off down to 935.0000 or extended to 931.4000 area is expected.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
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