Daily Market Comments - Friday 04 September 2009

[RTFX-Trading]

EUR-USD	There are initial signs of a good corrective recovery towards 1.4299 or even 1.4321. Supports at 1.4243 and 1.4209 zone.
USD-CHF	It should test 1.0695 area after which a sell off down to 1.0570 or extended to 1.0514 area is expected.
GBP-USD	Resistances lie around 1.6365 and 1.6408. It should test lower towards 1.6232 zone. A clear break of 1.6301 would be bearish.
USD-JPY	It may attempt a test higher to 92.7050 - 92.9567 after which weakness may set it to a drift down to 92.1267 limit.
USD-CAD	It is likely to fall towards 1.0993 - 1.0967 as its corrective rally could falter in 1.1046 - 1.1073 area. Stop above 1.1126 zone.
NZD-USD	Strength can extend to 0.6804 or even 0.6831 as declines are expected to find support at 0.6776 or 0.6749. Stop Loss below 0.6721 zone.
AUD-USD	While below 0.8415 - 0.8448 it is more likely to fall further towards 0.8359 or 0.8337. Premature rise above 0.8448 could see it rising above 0.8493 zone.
EUR-JPY	It should trade higher to 132.6667 while 131.9133 or 131.5900 offers support. Stop loss below 131.2667 zone.
EUR-CHF	It should be subject to more sell off towards 1.5134 or 1.5127. Corrective upward swings should face resistance around 1.5152 area. A break of 1.5173 is bullish.
EUR-GBP	It looks set to visit further lower territory down to around 0.8726 - 0.8706. Its corrective attempts should fail ahead of 0.8726 - 0.8770. Stop loss above 0.8809 zone.
GBP-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7391 or 1.7393 if support around 1.7313 hold. After which a pullback to 1.7313 - 1.7288 zone is possible.
GBP-JPY	Currently uptrend should end around 151.4650 - 152.1467 area. A correction down to 150.2950 - 149.8067 is expected. A rise above 153.1233 will abort the expected correction.
NZD-JPY	It should trade higher to 63.2933 while 62.5767 or 62.3150 offers support. Stop loss below 62.0533 zone.
AUD-JPY	Current rise seems to be over near 77.8900 or 78.3300 for a retracement towards 77.4500 - 77.2050 area.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 16.7067 or 16.4867 if support around 15.9133 hold. After which a pullback to 15.9133 - 15.7300 zone is possible.
XAU-USD	One move lower to 978.6000 or 965.2000 is anticipated while below 994.7700 - 1001.4700 area. Stop loss above 1010.9400 zone.

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

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.