Daily Market Comments - Monday 14 September 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4628 - 1.4673 from 1.4568 or 1.4545. After which a downside move is expected.
USD-CHF	Market should hold major support at 1.0332 before rising towards 1.0403 or even 1.0432 limit.
GBP-USD	Should test support at 1.6629 while below 1.6670. If support at 1.6629 holds it can rise up to 1.6727, if not it should fall to below 1.6587 zone.
USD-JPY	One more dip to 90.4300 - < s1> is likely followed by a grind higher to 91.2250 - 91.5633. After which it can resume its downtrend.
USD-CAD	It should test 1.0849 area after which a sell off down to 1.0737 or extended to 1.0688 area is expected.
NZD-USD	While below 0.7074 - 0.7094 it is more likely to fall further towards 0.7036 or 0.7019. Premature rise above 0.7094 could see it rising above 0.7129 zone.
AUD-USD	Current move should be supported in 0.8616 - 0.8597 zone for a rise to 0.8665. A break below 0.8568 opens the way down.
EUR-JPY	One more dip to 131.8750 - < s1> is likely followed by a grind higher to 133.0100 - 133.4933. After which it can resume its downtrend.
EUR-CHF	It should be subject to more weakness towards 1.5119. After which a correction to above 1.5142 is anticipated. A break of 1.5111 is bearish.
EUR-GBP	It should try higher up to 0.8752 - 0.8762. Entry point 0.8743 or 0.8735. After this rise, a correction is expected.
GBP-CHF	Our preferred view is for a drift down to 1.7267 or below 1.7242. Resistances is at 1.7231. A rise above 1.7339 would delay but not abort this expected fall.
GBP-JPY	Market should not go lower than 150.8100 - 150.1066. After this move down it should go up to 152.0150 - 152.5166 area.
NZD-JPY	No comment!
AUD-JPY	It looks set to visit further lower territory down to around 78.0600 - 77.6533. Its corrective attempts should fail ahead of 78.0600 - 79.0133. Stop loss above 79.8267 zone.
XAG-USD	Should test support at 16.5967 while below 16.7700. If support at 16.5967 holds it can rise up to 16.9667, if not it should fall to below 16.4233 zone.
XAU-USD	While below 1009.2000 - 1014.0099 it is more likely to fall further towards 1000.6000 or 996.8099. Premature rise above 1014.0099 could see it rising above 1021.5899 zone.

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