Weekly Market Comments - Monday 24 August 2009

[RTFX-Trading]

EUR-USD	It should trade higher to 1.4460 while 1.4252 or 1.4190 offers support. Stop loss below 1.4129 zone.
USD-CHF	Market should not go lower than 1.0562 - 1.0471. After this move down it should go up to 1.0703 - 1.0752 area.
GBP-USD	While below 1.6555 it is more likely to fall further towards 1.6301 level.
USD-JPY	It may meet resistance in 94.3200 - 94.3433 zone for a drift down to 93.3967 zone, after which bounce to 95.2667 is anticipated.
USD-CAD	It looks more likely that it would rise to 1.1041 - 1.1264 from 1.0792 or 1.0680. After which a downside move is expected.
NZD-USD	It should try higher up to 0.6842 - 0.6909. Entry point 0.6776 or 0.6731. After this rise, a correction is expected.
AUD-USD	It may attempt a test higher to 0.8365 - 0.8434 after which weakness may set it to a drift down to below 0.8194 limit.
EUR-JPY	It should try higher up to 135.3450 - 136.4000. Entry point 134.2900 or 133.7000. After this rise, a correction is expected.
EUR-CHF	It may meet resistance in 1.5156 - 1.5178 zone for a drift down to 1.5113 zone, after which bounce to 1.5221 is anticipated.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8737 or 0.8756 if support around 0.8639 hold. After which a pullback to 0.8639 - 0.8609 zone is possible.
GBP-CHF	Market should not go lower than 1.7200. After this move down it should go up to 1.7706 area.
GBP-JPY	It should try higher up to 156.5200 - 157.5333. Entry point 155.5067 or 154.4950. After this rise, a correction is expected.
NZD-JPY	It should test 65.6600 area after which a sell off down to 62.9600 or extended to 61.6100 area is expected.
AUD-JPY	It should try higher up to 78.8750 - 79.6000. Entry point 78.1500 or 77.6500. After this rise, a correction is expected.
XAG-USD	Market should hold major support at 13.4233 before rising towards 14.7500 or even 15.3400 limit.
XAU-USD	It may attempt a test higher to 956.1250 - 964.7333 after which weakness may set it to a drift down to below 936.7833 limit.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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