Daily Market Comments - Thursday 24 September 2009

[RTFX-Trading]

EUR-USD	There are initial signs of a good corrective recovery towards 1.4790 or even 1.4810. Supports at 1.4731 and 1.4693 zone.
USD-CHF	Market should hold major support at 1.0176 before rising towards 1.0300 or even 1.0333 limit.
GBP-USD	A corrective rise should ideally test 1.6429 or even higher than 1.6518. Supports are at 1.6225. Stop loss below 1.6242 zone.
USD-JPY	It should test 91.9300 area after which a sell off down to 90.6933 or extended to 90.0667 area is expected.
USD-CAD	Difficult to predict the next move. If first down it should hold 1.0704 or 1.0679. If first up it should face resistance in 1.0761 - 1.0793 zone to 1.0679 zone.
NZD-USD	Should test support at 0.7148 while below 0.7197. If support at 0.7148 holds it can rise up to 0.7279, if not it should fall to below 0.7099 zone.
AUD-USD	There are initial signs of a good corrective recovery towards 0.8743 or even 0.8762. Supports at 0.8692 and 0.8660 zone.
EUR-JPY	It is likely to fall towards 134.3050 - 134.0000 as its corrective rally could falter in 134.8850 - 135.1600 area. Stop above 135.7700 zone.
EUR-CHF	One more dip to 1.5125 - < s1> is likely followed by a grind higher to 1.5138 - 1.5145. After which it can resume its downtrend.
EUR-GBP	It is likely to fall towards 0.9000 - 0.8980 as its corrective rally could falter in 0.9038 - 0.9057 area. Stop above 0.9097 zone.
GBP-CHF	Current upmove should be ended around 1.6812 - 1.6851. Any correction consolidation should find support in 1.6737 - 1.6701 zone.
GBP-JPY	It looks more likely that it would rise to 150.2766 - 151.3833 from 148.7100 or 148.1566. After which a downside move is expected.
NZD-JPY	Should test support at 65.3100 while below 65.7000. If support at 65.3100 holds it can rise up to 66.2400, if not it should fall to below 64.9200 zone.
AUD-JPY	There are initial signs of a good corrective recovery towards 79.7350 or even 79.8667. Supports at 79.3800 and 79.1567 zone.
XAG-USD	There is bearish potential for a fall to 16.6067 while 16.9333 - 17.0500 resist. After this fall a recovery up to 17.0500 or 17.1667 is expected.
XAU-USD	It looks more likely that it would rise to 1016.1499 - 1023.8499 from 1007.2999 or 1003.4500. After which a downside move is expected.

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