Daily Market Comments - Thursday 17 September 2009

[RTFX-Trading]

EUR-USD	Current rise should end around 1.4751. Objectives of this downmove are 1.4655 or 1.4600. A rise above 1.4792 is again bullish.
USD-CHF	It looks set to visit further lower territory down to around 1.0308 - 1.0288. Its corrective attempts should fail ahead of 1.0308 - 1.0359. Stop loss above 1.0400 zone.
GBP-USD	It should test 1.6497 area after which a sell off down to 1.6436 or extended to 1.6384 area is expected.
USD-JPY	It may attempt a test higher to 91.1450 - after which weakness may set it to a drift down to 90.2467 limit.
USD-CAD	It may meet resistance in 1.0660 - 1.0680 zone for a drift down to 1.0625 zone, after which bounce to 1.0716 is anticipated.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7203 or 0.7182 if support around 0.7113 hold. After which a pullback to 0.7113 - 0.7092 zone is possible.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8783 or 0.8782 if support around 0.8703 hold. After which a pullback to 0.8703 - 0.8680 zone is possible.
EUR-JPY	It should try higher up to 133.8950 - 134.3733. Entry point 133.4167 or 133.1150. After this rise, a correction is expected.
EUR-CHF	Our preferred view is for a drift down to 1.5161 or below 1.5142. Resistances is at 1.5178. A rise above 1.5198 would delay but not abort this expected fall.
EUR-GBP	One move lower to 0.8893 or 0.8863 is anticipated while below 0.8928 - 0.8943 area. Stop loss above 0.8963 zone.
GBP-CHF	Current fall is near an end of wave around 1.6967 zone, a rally should then procede to above 1.7088. Fall below 1.6914 would cancel this scenario.
GBP-JPY	Market should hold major support at 148.5901 before rising towards 150.8434 or even 151.6967 limit.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 65.4102 or 65.3067 if support around 64.6633 hold. After which a pullback to 64.6633 - 64.4700 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 79.7899 or 79.8767 if support around 79.1433 hold. After which a pullback to 79.1433 - 78.9200 zone is possible.
XAG-USD	One move lower to 17.1200 or 16.8300 is anticipated while below 17.4450 - 17.5900 area. Stop loss above 17.7700 zone.
XAU-USD	While below 1019.1001 - 1023.3501 it is more likely to fall further towards 1011.8401 or 1008.8301. Premature rise above 1023.3501 could see it rising above 1029.3701 zone.

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

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