Daily Market Comments - Tuesday 22 September 2009

[RTFX-Trading]

EUR-USD	Market should hold major support at 1.4588 before rising towards 1.4724 or even 1.4770 limit.
USD-CHF	There are initial signs of a good corrective recovery to at least 1.0355 or even above 1.0377. Supports at 1.0279 zone.
GBP-USD	It should try higher up to 1.6241 - 1.6277. Entry point 1.6205 or 1.6176. After this rise, a correction is expected.
USD-JPY	Strength can extend to 92.2250 or 92.5333 as declines are expected to find support at 91.9167 or 91.6100. A fall below 91.3033 could turn it bearish.
USD-CAD	Strength can extend to 1.0822 or 1.0870 as declines are expected to find support at 1.0774 or 1.0735. A fall below 1.0696 could turn it bearish.
NZD-USD	Market should hold major support at 0.7006 before rising towards 0.7104 or even 0.7138 limit.
AUD-USD	Current fall is near an end of wave around 0.8586 zone, a rally should then procede to above 0.8679. Fall below 0.8541 would cancel this scenario.
EUR-JPY	While below 135.2250 - 135.5800 it is more likely to fall further towards 134.2500 or 133.5400.
EUR-CHF	Any possible decline should be supported around 1.5131 - 1.5106 zone for rally to above 1.5214. A clear break of 1.5077 will damage this expected rally.
EUR-GBP	Decline should be supported around 0.9036 - 0.9021 zone for rally to above 0.9072. A clear break of 0.9021 will damage this expected rally.
GBP-CHF	It should try higher up to 1.6767 - 1.6795. Entry point 1.6739 or 1.6711. After this rise, a correction is expected.
GBP-JPY	Difficult to predict the next move. If first down it should hold 148.5700 or 148.2200. If first up it should face resistance in 149.3500 - 149.7800 zone to 148.2200 zone.
NZD-JPY	Current upmove should be ended around 65.0750 - 65.2267. Any correction consolidation should find support in 64.7950 - 64.6667 zone.
AUD-JPY	Market should pop up towards 79.4700 or 79.6100 this bullish scenario would be damaged if 79.2966 - 79.2900 zone is broken, a severe break down could then occur.
XAG-USD	Market should hold major support at 16.2967 before rising towards 17.0700 or even 17.3000 limit.
XAU-USD	Market should hold major support at 991.0717 before rising towards 1008.7834 or even 1013.9167 limit.

Trading Desk, RTFX Ltd
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