Daily Market Comments - Tuesday 15 September 2009

[RTFX-Trading]

EUR-USD	It should trade higher to 1.4674 while 1.4595 or 1.4567 offers support. Stop loss below 1.4538 zone.
USD-CHF	There is bearish potential for a fall to 1.0338 - 1.0309 while 1.0366 - 1.0385 resist. After this fall a recovery up to 1.0385 or 1.0403 is expected.
GBP-USD	It is likely to fall towards 1.6553 - 1.6508 as its corrective rally could falter in 1.6634 - 1.6671 area. Stop above 1.6760 zone.
USD-JPY	It should test 91.4800 area after which a sell off down to 90.3900 or extended to 89.8400 area is expected.
USD-CAD	Resistances lie around 1.0874 and 1.0909. It should test lower towards 1.0753 zone. A clear break of 1.0770 would be bearish.
NZD-USD	It should test 0.7011 area after which a sell off down to 0.6964 or extended to 0.6870 area is expected.
AUD-USD	Market should hold major support at 0.8540 before rising towards 0.8654 or even 0.8687 limit.
EUR-JPY	It should test 134.4100 area after which a sell off down to 131.7933 or extended to 130.6567 area is expected.
EUR-CHF	No comment!
EUR-GBP	Current rise seems to be over near 0.8821 or 0.8849 for a retracement towards 0.8794 - 0.8777 area.
GBP-CHF	Market should not go lower than 1.7144 - 1.7091. After this move down it should go up to 1.7231 - 1.7264 area.
GBP-JPY	It should try higher up to 150.8600 - 151.1767. Entry point 150.5433 or 150.3600. After this rise, a correction is expected.
NZD-JPY	It should try higher up to 63.7900. Entry point 63.3950 or 63.2500. After this rise, a correction is expected.
AUD-JPY	It should try higher up to 78.4200 - 78.7733. Entry point 78.0667 or 77.8850. After this rise, a correction is expected.
XAG-USD	It is likely to fall towards 16.4450 - 16.3167 as its corrective rally could falter in 16.7000 - 16.8267 area. Stop above 17.0833 zone.
XAU-USD	There is bearish potential for a fall to 992.7166 while 1000.9333 - 1004.6299 resist. After this fall a recovery up to 1004.6299 or 1008.3266 is expected.

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

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