Daily Market Comments - Tuesday 25 August 2009

[RTFX-Trading]

EUR-USD	There are initial signs of a good corrective recovery towards 1.4331 or even 1.4348. Supports at 1.4292 and 1.4270 zone.
USD-CHF	If market stays below 1.0622 a fall to 1.0574 is expected. If market breaks the point 1.0641 it could reach the sky.
GBP-USD	No comment!
USD-JPY	Resistances lie around 94.8100 and 94.9567. It should test lower towards 94.2667 zone. A clear break of 94.2500 would be bearish.
USD-CAD	Current fall is near an end of wave around 1.0717 zone, a rally should then procede to above 1.0816. Fall below 1.0672 would cancel this scenario.
NZD-USD	One move lower to 0.6816 or 0.6782 is anticipated while below 0.6868 - 0.6885 area. Stop loss above 0.6920 zone.
AUD-USD	Should test support at 0.8356 while below 0.8389. If support at 0.8356 holds it can rise up to 0.8426, if not it should fall to below 0.8322 zone.
EUR-JPY	Resistances lie around 135.6700 and 135.8967. It should test lower towards 134.7967 zone. A clear break of 134.6700 would be bearish.
EUR-CHF	Our preferred view is for a drift down to 1.5153 or below 1.5126. Resistances is at 1.5179. A rise above 1.5209 would delay but not abort this expected fall.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8737 or 0.8741 if support around 0.8700 hold. After which a pullback to 0.8700 - 0.8686 zone is possible.
GBP-CHF	No comment!
GBP-JPY	It looks more likely that it would rise to 156.4333 - 157.6367 from 155.0350 or 154.4333. After which a downside move is expected.
NZD-JPY	Should test support at 64.4967 while below 64.7800. If support at 64.4967 holds it can rise up to 65.1367, if not it should fall to below 64.2133 zone.
AUD-JPY	Should test support at 78.9267 while below 79.3300. If support at 78.9267 holds it can rise up to 79.8067, if not it should fall to below 78.5233 zone.
XAG-USD	Resistances lie around 14.3300 and 14.4167. It should test lower towards 13.9967 zone. A clear break of 13.9500 would be bearish.
XAU-USD	There is bearish potential for a fall to 932.3399 while 944.7100 - 949.3900 resist. After this fall a recovery up to 949.3900 or 954.0699 is expected.

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

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