Daily Market Comments - Thursday 27 August 2009

[RTFX-Trading]

EUR-USD	No comment!
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0701 or 1.0734 if support around 1.0657 hold. After which a pullback to 1.0657 - 1.0629 zone is possible.
GBP-USD	Current fall is near an end of wave around 1.6154 zone, a rally should then procede to above 1.6349. Fall below 1.6059 would cancel this scenario.
USD-JPY	It may attempt a test higher to 94.4200 - 94.6000 after which weakness may set it to a drift down to 93.9000 limit.
USD-CAD	Currently uptrend should end around 1.1069 - 1.1038 area. A correction down to below 1.0869 is expected. A rise above 1.1104 will abort the expected correction.
NZD-USD	There is bearish potential for a fall to 0.6771 while 0.6833 - 0.6854 resist. After this fall a recovery up to 0.6854 or 0.6876 is expected.
AUD-USD	Market should not go lower than 0.8268 - 0.8228. After this move down it should go up to 0.8335 - 0.8362 area.
EUR-JPY	One more dip to 134.1400 - 133.8000 is likely followed by a grind higher to 134.7650 - 135.0500. After which it can resume his downtrend.
EUR-CHF	Current rise seems to be over near 1.5229 or 1.5248 for a retracement towards 1.5210 - 1.5196 area.
EUR-GBP	Resistances lie around 0.8789 and 0.8805. It should test lower towards 0.8740 zone. A clear break of 0.8762 would be bearish.
GBP-CHF	Market should hold major support at 1.7224 before rising towards 1.7396 or even 1.7441 limit.
GBP-JPY	It may meet resistance in 153.1700 - 153.1733 zone for a drift down to 152.2267 zone, after which bounce to 154.1167 is anticipated.
NZD-JPY	No comment!
AUD-JPY	One more dip to 77.9150 - < s1> is likely followed by a grind higher to 78.5400 - 78.8067. After which it can resume its downtrend.
XAG-USD	While below 14.4867 it is more likely to fall further towards 14.3333 or 14.2650 level.
XAU-USD	Current upmove should continue up to 950.4399 or 955.2599. Any correction should find support in 945.3699 - 942.9599 zone. A break above948.0646 could accelerate the move up.

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