Daily Market Comments - Wednesday 30 September 2009

[RTFX-Trading]

EUR-USD	It should test 1.4591 area after which a sell off down to 1.4528 or extended to 1.4468 area is expected.
USD-CHF	While below 1.0383 - 1.0407 it is more likely to fall further towards 1.0337 or 1.0315. Premature rise above 1.0407 could see it rising above 1.0452 zone.
GBP-USD	It should trade higher to 1.6026 while 1.5926 or 1.5893 offers support. Stop loss below 1.5861 zone.
USD-JPY	Current rise should end around 90.4300. Objectives of this downmove are 89.6600 or 89.2400. A rise above 90.7800 is again bullish.
USD-CAD	Market should pop up towards 1.0884 or 1.0914 this bullish scenario would be damaged if 1.0820 - 1.0786 zone is broken, a severe break down could then occur.
NZD-USD	While above 0.7135 - 0.7105 zone a corrective upmove could test 0.7184 or 0.7203. After which it should resume its downtrend.
AUD-USD	There are initial signs of a good corrective recovery towards 0.8732 or even 0.8751. Supports at 0.8689 and 0.8665 zone.
EUR-JPY	It should be subject to more sell off towards 131.0550 or 130.8100. Corrective upward swings should face resistance around 131.7000 area. A break of 132.3800 is bullish.
EUR-CHF	Current rise seems to be over near 1.5121 or 1.5132 for a retracement towards 1.5111 - 1.5102 area.
EUR-GBP	Current fall is near an end of wave around 0.9092 zone, a rally should then procede to above 0.9198. Fall below 0.9045 would cancel this scenario.
EUR-CAD	It may meet resistance in 1.5821 - 1.5833 zone for a drift down to 1.5773 zone, after which bounce to 1.5882 is anticipated.
EUR-NZD	It should test 2.0595 area after which a sell off down to 2.0299 or extended to 2.0176 area is expected.
EUR-AUD	It should try higher up to 1.6765 - 1.6806. Entry point 1.6723 or 1.6702. After this rise, a correction is expected.
GBP-CHF	Current rise should end around 1.6637. Objectives of this downmove are 1.6414 or 1.6290. A rise above 1.6736 is again bullish.
GBP-JPY	It should trade lower to 142.5567. Resistances are at 144.4767 and 145.1833. A break of 146.3967 is bullish, confirmed by a close above 145.2900.
GBP-CAD	If market stays below 1.7363 a fall to 1.7183 is expected. If market breaks the point 1.7428 it could reach the sky.
GBP-AUD	Market should hold major support at 1.8189 before rising towards 1.8424 or even 1.8508 limit.
CAD-JPY	Currently uptrend should end around 83.3632 - 83.4367 area. A correction down to below 82.5167 is expected. A rise above 83.8233 will abort the expected correction.
NZD-JPY	While below 64.3400 or 64.5100 it could fall towards below 63.9600 or 63.5800. After which a corrective/consolidation activity is expected to 64.7000 zone.
AUD-JPY	Should test support at 78.0767 while below 78.3900. If support at 78.0767 holds it can rise up to 78.7967, if not it should fall to below 77.7633 zone.
XAG-USD	Current upmove should be ended around 16.2150 - 16.2900. Any correction consolidation should find support in 16.0700 - 16.0000 zone.
XAU-USD	It should trade higher to 997.1566 while 991.2033 or 988.8250 offers support. Stop loss below 986.4466 zone.

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

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