Daily Market Comments - Thursday 01 October 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4659 - 1.4686 area. A correction down to 1.4609 - 1.4587 is expected. A rise above 1.4730 will abort the expected correction.
USD-CHF	It looks more likely that it would rise to 1.0447 - 1.0531 from 1.0323 or 1.0281. After which a downside move is expected.
GBP-USD	Resistances lie around 1.6054 and 1.6091. It should test lower towards 1.5909 zone. A clear break of 1.5874 would be bearish.
USD-JPY	It looks more likely that it would rise to 90.2867 - 90.8733 from 89.5300 or 89.2367. After which a downside move is expected.
USD-CAD	Market should not go lower than 1.0683 - 1.0626. After this move down it should go up to 1.0775 - 1.0809 area.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7269 or 0.7276 if support around 0.7210 hold. After which a pullback to 0.7210 - 0.7188 zone is possible.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8873 or 0.8882 if support around 0.8792 hold. After which a pullback to 0.8792 - 0.8764 zone is possible.
EUR-JPY	It is a triangle configuration. Market should break either side. Acceleration should occur above 131.6700 or under 130.9700 limits.
EUR-CHF	While below 1.5205 - 1.5248 it is more likely to fall further towards 1.5085 or 1.4999.
EUR-GBP	Market should hold major support at 0.9063 before rising towards 0.9188 or even 0.9216 limit.
EUR-CAD	Market should not go lower than 1.5568. After this move down it should go up to 1.5780 area.
EUR-NZD	One more dip to 2.0217 - < s1> is likely followed by a grind higher to 2.0336 - 2.0387. After which it can resume its downtrend.
EUR-AUD	No comment!
GBP-CHF	Should fall around 1.6484 while below 1.6562 - 1.6648 zone. Then a recovery up to above 1.6648 is expected.
GBP-JPY	Preferred view is for a fall to 143.1100 - 142.6300 while 143.9600 - 144.3300 area resists. A clear break of 145.2900 would be bullish.
GBP-CAD	There is bearish potential for a fall to 1.7086 - 1.6988 while 1.7184 - 1.7237 resist. After this fall a recovery up to 1.7237 or 1.7289 is expected.
GBP-AUD	No comment!
CAD-JPY	Currently uptrend should end around 84.2932 - 84.3100 area. A correction down to below 83.1300 is expected. A rise above 84.7400 will abort the expected correction.
NZD-JPY	Currently uptrend should end around 65.2602 - 65.1600 area. A correction down to below 64.4700 is expected. A rise above 65.4300 will abort the expected correction.
AUD-JPY	Current upmove should end around 79.7633 - 79.5867 area. A correction down to 78.5867 or even 77.9833 is expected. A rise above 79.9833 will abort the expected correction.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 16.8267 or 16.8367 if support around 16.4933 hold. After which a pullback to 16.4933 - 16.4000 zone is possible.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1014.6982 or 1014.0334 if support around 1002.9167 hold. After which a pullback to 1002.9167 - 999.7400 zone is possible.

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