Daily Market Comments - Thursday 20 August 2009

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.4245 or 1.4299 for a retracement towards 1.4192 - 1.4154 area.
USD-CHF	Market should not go lower than 1.0643 - 1.0596. After this move down it should go up to 1.0721 - 1.0753 area.
GBP-USD	Currently uptrend should end around 1.6561 - 1.6623 area. A correction down to below 1.6405 is expected. A rise above 1.6718 will abort the expected correction.
USD-JPY	Market should not go lower than 93.8750 - 93.5133. After this move down it should go up to 94.5150 - 94.7933 area.
USD-CAD	There is bearish potential for a fall to 1.0947 - 1.0891 while 1.1003 - 1.1033 resist. After this fall a recovery up to 1.1033 or 1.1063 is expected.
NZD-USD	It should try higher up to 0.6755 - 0.6786. Entry point 0.6725 or 0.6702. After this rise, a correction is expected.
AUD-USD	It should try higher up to 0.8300 - 0.8342. Entry point 0.8259 or 0.8232. After this rise, a correction is expected.
EUR-JPY	It should be subject to more sell off towards 132.4900 or 131.1700. Corrective upward swings should face resistance around 134.7400 area. A break of 135.8300 is bullish.
EUR-CHF	It looks set to visit further lower territory down to around 1.5150 - 1.5129. Its corrective attempts should fail ahead of 1.5150 - 1.5205. Stop loss above 1.5247 zone.
EUR-GBP	It should try higher up to 0.8617 - 0.8645. Entry point 0.8588 or 0.8568. After this rise, a correction is expected.
GBP-CHF	There is bearish potential for a fall to 1.7509 while 1.7669 - 1.7725 resist. After this fall a recovery up to 1.7725 or 1.7781 is expected.
GBP-JPY	It is a triangle configuration . Market should break either side. Acceleration should occur above 157.5300 or under 153.6400 limits.
NZD-JPY	It looks set for gains to 64.2967. Supports at 62.9600 and 62.5167. A break of 61.6233 will damage this bullish structure.
AUD-JPY	Corrective dips should ideally halt near 77.3300 or 76.8233 for one more thrust upwards towards 78.4050 - 78.9733 area or 79.9867 in extention. Fall below 75.6867 puts it back on a downward path.
XAG-USD	It should trade higher to above 14.1367 while 13.8233 offer support. Minor support at 13.5167. Stop Loss below 13.2033 zone.
XAU-USD	Currently uptrend should end around 943.7250 - 947.5834 area. A correction down to 937.1000 - 934.3334 is expected. A rise above 953.1167 will abort the expected correction.

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