Daily Market Comments - Friday 28 August 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4373 - 1.4424 area. A correction down to 1.4280 - 1.4238 is expected. A rise above 1.4508 will abort the expected correction.
USD-CHF	Market should pop up towards 1.0649 or 1.0690 this bullish scenario would be damaged if 1.0562 - 1.0515 zone is broken, a severe break down could then occur.
GBP-USD	Market should hold major support at 1.6153 before rising towards 1.6342 or even 1.6398 limit.
USD-JPY	It looks set to visit further lower territory down to around 93.3700 - 93.0633. Its corrective attempts should fail ahead of 93.3700 - 94.1333. Stop loss above 94.7467 zone.
USD-CAD	It looks more likely that it would rise to 1.0987 - 1.1099 from 1.0854 or 1.0798. After which a downside move is expected.
NZD-USD	It should trade higher to 0.6922 while 0.6848 or 0.6825 offers support. Stop loss below 0.6801 zone.
AUD-USD	It should trade higher to 0.8460 while 0.8349 or 0.8316 offers support. Stop loss below 0.8282 zone.
EUR-JPY	Market should hold major support at 132.7434 before rising towards 134.7433 or even 135.3567 limit.
EUR-CHF	It looks more likely that it would rise to 1.5238 - 1.5281 from 1.5180 or 1.5158. After which a downside move is expected.
EUR-GBP	While below 0.8823 - 0.8841 it is more likely to fall further towards 0.8788 or 0.8771. Premature rise above 0.8841 could see it rising above 0.8875 zone.
GBP-CHF	Market should hold major support at 1.7122 before rising towards 1.7356 or even 1.7456 limit.
GBP-JPY	Market should hold major support at 150.2768 before rising towards 153.3000 or even 154.3100 limit.
NZD-JPY	It should test 65.0700 area after which a sell off down to 63.6667 or extended to 63.0333 area is expected.
AUD-JPY	It should test 79.5300 area after which a sell off down to 77.6633 or extended to 76.8267 area is expected.
XAG-USD	Market should hold major support at 14.1133 before rising towards 14.4233 or even 14.5367 limit.
XAU-USD	Currently uptrend should end around 949.4951 - 952.0702 area. A correction down to 944.9601 - 943.0002 is expected. A rise above 955.9901 will abort the expected correction.

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