Daily Market Comments - Wednesday 09 September 2009

[RTFX-Trading]

EUR-USD	Current upmove should be ended around 1.4507 - 1.4566. Any correction consolidation should find support in 1.4404 - 1.4360 zone.
USD-CHF	It looks set to visit further lower territory down to around 1.0452 - 1.0402. Its corrective attempts should fail ahead of 1.0452 - 1.0572. Stop loss above 1.0673 zone.
GBP-USD	Current upmove should be ended around 1.6537 - 1.6609. Any correction consolidation should find support in 1.6405 - 1.6345 zone.
USD-JPY	One more dip to 92.1800 is likely followed by a grind higher to 92.9200. After which it can resume its downtrend.
USD-CAD	Market should hold major support at 1.0658 before rising towards 1.0844 or even 1.0908 limit.
NZD-USD	While below 0.6973 - 0.6994 it is more likely to fall further towards 0.6934 or 0.6918. Premature rise above 0.6994 could see it rising above 0.7027 zone.
AUD-USD	While below 0.8636 - 0.8673 it is more likely to fall further towards 0.8571 or 0.8543. Premature rise above 0.8673 could see it rising above 0.8730 zone.
EUR-JPY	It should trade higher to 134.0933 while 133.2500 or 133.0433 offers support. Stop loss below 132.4067 zone.
EUR-CHF	Our preferred outlook is for a drift down to 1.5141 or below 1.5119. Resistances are at 1.5164 and 1.5173. A rise above 1.5195 would delay but not abort this expected fall.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8791 or 0.8805 if support around 0.8768 hold. After which a pullback to 0.8768 - 0.8756 zone is possible.
GBP-CHF	Market should not go lower than 1.7257 - 1.7218. After this move down it should go up to 1.7323 - 1.7349 area.
GBP-JPY	It should be subject to more sell off towards 151.4300 or 150.6000. Corrective upward swings should face resistance around 152.5000 area. A break of 153.7600 is bullish.
NZD-JPY	A correction down to 64.0333 or lower is now expected from 64.3750 or 64.4933. A break above 64.7167 is needed to turn bullish.
AUD-JPY	It should find support in 79.3250 - 79.1633 area for a rally to 80.1967. Unexpected fall below 78.7767 will dent this bullish view.
XAG-USD	Preferred view is for a fall to 16.3750 - 16.2233 while 16.6350 - 16.7433 area resists. A clear break of 17.0467 would be bullish.
XAU-USD	Preferred view is for a fall to 994.0201 - 989.4102 while 1001.5601 - 1004.4901 area resists. A clear break of 1013.7100 would be bullish.

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.