Daily Market Comments - Wednesday 23 September 2009

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.4805 or 1.4849 for a retracement towards 1.4761 - 1.4730 area.
USD-CHF	Market should not go lower than 1.0225 - 1.0191. After this move down it should go up to 1.0280 - 1.0302 area.
GBP-USD	Current rise seems to be over near 1.6376 or 1.6434 for a retracement towards 1.6318 - 1.6280 area.
USD-JPY	There is bearish potential for a fall to 90.6467 while 91.3733 - 91.5950 resist. After this fall a recovery up to 91.5950 or 91.8167 is expected.
USD-CAD	There is bearish potential for a fall to 1.0638 while 1.0714 - 1.0741 resist. After this fall a recovery up to 1.0741 or 1.0767 is expected.
NZD-USD	Current upmove should be ended around 0.7217 - 0.7268. Any correction consolidation should find support in 0.7125 - 0.7085 zone.
AUD-USD	Current rise seems to be over near 0.8747 or 0.8787 for a retracement towards 0.8706 - 0.8679 area.
EUR-JPY	Preferred view is for a fall to 134.6650 - 134.4366 while 135.0400 - 135.1866 area resists. A clear break of 135.6433 would be bullish.
EUR-CHF	It should be subject to more weakness towards 1.5133. After which a correction to above 1.5157 is anticipated. A break of 1.5122 is bearish.
EUR-GBP	It looks more likely that it would rise to 0.9073 - 0.9105 from 0.9034 or 0.9018. After which a downside move is expected.
GBP-CHF	It should be subject to more sell off towards 1.6710 or 1.6687. Corrective upward swings should face resistance around 1.6773 area. A break of 1.6835 is bullish.
GBP-JPY	Current upmove should continue to 149.4700 or 149.9200. Any correction should find support in 148.9800 - 148.7550 zone. A break above 149.2867 could accelerate the move up.
NZD-JPY	There are initial signs of a good corrective recovery towards 66.0533 or even 66.6267. Supports at 65.2100 and 64.9233 zone.
AUD-JPY	Resistances lie around 79.7800 and 79.9400. It should test lower towards 79.2500 zone. A clear break of 79.4200 would be bearish.
XAG-USD	Currently uptrend should end around 17.2833 - 17.3700 area. A correction down to below 16.8600 is expected. A rise above 17.6000 will abort the expected correction.
XAU-USD	Current upmove should be ended around 1017.1749 - 1021.9666. Any correction consolidation should find support in 1008.6249 - 1004.8666 zone.

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