Daily Market Comments - Tuesday 29 September 2009

[RTFX-Trading]

EUR-USD	It looks set to visit further lower territory down to around 1.4593 - 1.4550. Its corrective attempts should fail ahead of 1.4593 - 1.4707. Stop loss above 1.4793 zone.
USD-CHF	Currently uptrend should end around 1.0351 - 1.0384 area. A correction down to below 1.0258 is expected. A rise above 1.0443 will abort the expected correction.
GBP-USD	Market should hold major support at 1.5713 before rising towards 1.5980 or even 1.6077 limit.
USD-JPY	It should try higher up to 89.7050 - 90.1933. Entry point 89.2167 or 88.9350. After this rise, a correction is expected.
USD-CAD	It looks more likely that it would rise to 1.0951 - 1.1052 from 1.0842 or 1.0791. After which a downside move is expected.
NZD-USD	While above 0.7139 - 0.7110 zone a corrective dip could test 0.7168 or 0.7221. After which it should resume his downtrend.
AUD-USD	It should trade higher to 0.8792 while 0.8689 or 0.8656 offers support. Stop loss below 0.8623 zone.
EUR-JPY	It should try higher up to 131.4350 - 131.9733. Entry point 130.8967 or 130.4350. After this rise, a correction is expected.
EUR-CHF	Preferred outlook is for a drift down to below 1.5061. Resistances are at 1.5096 and 1.5101. A rise above 1.5109 would delay but not abort this expected fall.
EUR-GBP	Preferred view is for a fall to 0.9198 - 0.9164 while 0.9253 - 0.9273 area resists. A clear break of 0.9342 would be bullish.
GBP-CHF	Market should hold major support at 1.6167 before rising towards 1.6481 or even 1.6563 limit.
GBP-JPY	It should try higher up to 142.7750 - 143.7800. Entry point 141.7700 or 141.0650. After this rise, a correction is expected.
NZD-JPY	It should try higher up to 64.3050 - 64.5800. Entry point 64.0300 or 63.8450. After this rise, a correction is expected.
AUD-JPY	It should test 79.8000 area after which a sell off down to 77.0633 or extended to 75.9267 area is expected.
XAG-USD	It should trade higher to 16.4033 or above 16.6267 in extention. Supports at 15.9650 and 15.8533. Stop loss below 15.5267 zone.
XAU-USD	It is a triangle configuration. Market should break either side. Acceleration should occur above 996.8700 or under 986.1500 limits.

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