Daily Market Comments - Friday 11 September 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4618 - 1.4629 area. A correction down to below 1.4518 is expected. A rise above 1.4676 will abort the expected correction.
USD-CHF	Market should not go lower than 1.0372 - 1.0341. After this move down it should go up to 1.0425 - 1.0447 area.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6695 or 1.6731 if support around 1.6606 hold. After which a pullback to 1.6606 - 1.6566 zone is possible.
USD-JPY	It is likely to fall towards 91.3733 - 91.0167 unless a corrective rally breaks the 91.9950 resistance. Stop above 92.1733 zone.
USD-CAD	Preferred view is for a fall to 1.0770 - 1.0734 while 1.0825 - 1.0843 area resists. A clear break of 1.0916 would be bullish.
NZD-USD	It should try higher up to 0.7041 - 0.7084. Entry point 0.6999 or 0.6976. After this rise, a correction is expected.
AUD-USD	It may attempt a test higher to 0.8642 - 0.8674 after which weakness may set it to a drift down to below 0.8576 limit.
EUR-JPY	It is a triangle configuration . Market should break either side. Acceleration should occur above 134.3800 or under 133.3100 limits.
EUR-CHF	Preferred outlook is for a drift down to below 1.5098. Resistances are at 1.5143 and 1.5160. A rise above 1.5171 would delay but not abort this expected fall.
EUR-GBP	There is bearish potential for a fall to 0.8716 while 0.8772 - 0.8792 resist. After this fall a recovery up to 0.8792 or 0.8813 is expected.
GBP-CHF	Current upmove should be ended around 1.7347 - 1.7406. Any correction consolidation should find support in 1.7230 - 1.7173 zone.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 152.9435 or 153.2767 if support around 152.6033 hold. After which a pullback to 152.6033 - 152.3400 zone is possible.
NZD-JPY	It looks set for gains to 64.9233. Supports at 64.1100 and 63.9433. A break of 63.2967 will damage this bullish structure.
AUD-JPY	It may attempt a test higher to 79.4700 - after which weakness may set it to a drift down to 78.6733 limit.
XAG-USD	Corrective dips should ideally halt near 16.3700 or 16.2600 for one more thrust upwards towards 16.6950 - 16.9100 area or 17.1300 in extention. Fall below 15.8300 puts it back on a downward path.
XAU-USD	It may attempt a test higher to 997.4950 - 1002.3100 after which weakness may set it to a drift down to below 986.9700 limit.

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