Daily Market Comments - Thursday 10 September 2009

[RTFX-Trading]

EUR-USD	One move lower to 1.4483 or 1.4408 is anticipated while below 1.4579 - 1.4616 area. Stop loss above 1.4674 zone.
USD-CHF	It may meet resistance in 1.0412 - 1.0428 zone for a drift down to 1.0368 zone, after which bounce to 1.0473 is anticipated.
GBP-USD	One move lower to 1.6471 or 1.6394 is anticipated while below 1.6570 - 1.6608 area. Stop loss above 1.6668 zone.
USD-JPY	One more dip to 91.8250 - < s1> is likely followed by a grind higher to 92.3150 - 92.5500. After which it can resume its downtrend.
USD-CAD	While below 1.0788 it might drop to 1.0742 or below 1.0699 zone.
NZD-USD	Preferred view is for a fall to 0.6947 - 0.6926 while 0.6983 - 0.6999 area resists. A clear break of 0.7040 would be bullish.
AUD-USD	While below 0.8673 it is more likely to fall further towards 0.8620 or 0.8595 level.
EUR-JPY	Resistances lie around 134.1900 and 134.3900. It should test lower towards 133.5800 zone. A clear break of 133.9500 would be bearish.
EUR-CHF	It should be subject to more weakness towards 1.5147. After which a correction to above 1.5173 is anticipated. A break of 1.5138 is bearish.
EUR-GBP	Currently uptrend should end around 0.8804 - 0.8819 area. A correction down to below 0.8768 is expected. A rise above 0.8840 will abort the expected correction.
GBP-CHF	Market should not go lower than 1.7219 - 1.7187. After this move down it should go up to 1.7272 - 1.7293 area.
GBP-JPY	While above 151.9850 - 151.6367 zone a corrective dip could test 152.3333 or 152.9867. After which it should resume his downtrend.
NZD-JPY	There is bearish potential for a fall to 64.0100 - 63.8100 while 64.2100 - 64.3250 resist. After this fall a recovery up to 64.3250 or 64.4400 is expected.
AUD-JPY	While above 79.2900 - 79.0500 zone a corrective dip could test 79.5300 or 79.8500. After which it should resume his downtrend.
XAG-USD	It looks more likely that it would rise to 16.6200 - 16.9200 from 16.2800 or 16.1300. After which a downside move is expected.
XAU-USD	It looks more likely that it would rise to 1001.2967 - 1010.2734 from 989.9350 or 985.4467. After which a downside move is expected.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
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