Daily Market Comments - Friday 21 August 2009

[RTFX-Trading]

EUR-USD	One move lower to 1.4211 or 1.4169 is anticipated while below 1.4264 - 1.4285 area. Stop loss above 1.4317 zone.
USD-CHF	It may meet resistance in 1.0630 - 1.0644 zone for a drift down to 1.0605 zone, after which bounce to 1.0670 is anticipated.
GBP-USD	No comment!
USD-JPY	It is likely to fall towards 93.8500 - 93.5100 unless a corrective rally breaks the 94.3700 resistance. Stop above 94.5400 zone.
USD-CAD	Market should not go lower than 1.0867 - 1.0824. After this move down it should go up to 1.0933 - 1.0955 area.
NZD-USD	Uptrend is still intact. It should continue to rally to 0.6813 or 0.6845 if supports at 0.6760 - 0.6749 area hold. Stop loss below 0.6739.
AUD-USD	Currently uptrend should end around 0.8336 - 0.8341 area. A correction down to below 0.8277 is expected. A rise above 0.8369 will abort the expected correction.
EUR-JPY	Uptrend is still intact. It should continue to rally to 135.3233 or 136.0167 if supports at 134.1033 - 133.8400 area hold. Stop loss below 133.5767.
EUR-CHF	It looks set to visit further lower territory down to around 1.5150 - 1.5137. Its corrective attempts should fail ahead of 1.5170 or 1.5177. Stop loss above 1.5204 zone.
EUR-GBP	Current rise seems to be over near 0.8639 or 0.8661 for a retracement towards 0.8618 - 0.8604 area.
GBP-CHF	Market should not go lower than 1.7467. After this move down it should go up to 1.7650 area.
GBP-JPY	It is likely to fall towards 155.0150 - 154.4433 as its corrective rally could falter in 156.1100 - 156.6333 area. Stop above 157.7767 zone.
NZD-JPY	It should be subject to more sell off towards 63.3233 or 62.8567. Corrective upward swings should face resistance around 64.1600 area. A break of 64.4767 is bullish.
AUD-JPY	It should trade lower to 77.7300. Resistances are at 78.7900 and 79.2800. A break of 79.8500 is bullish, confirmed by a close above 78.5400.
XAG-USD	While below 13.9400 or 13.9400 it could fall towards below 13.8000 or 13.6600. After which a corrective/consolidation activity is expected to 14.0100 zone.
XAU-USD	Current move should be supported in 939.0499 - 936.7666 zone for a rise to 945.2666. A break below 932.8333 opens the way down.

Trading Desk, RTFX Ltd
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