Daily Market Comments - Friday 02 October 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.4485 while 1.4577 - 1.4607 resist. After this fall a recovery up to 1.4607 or 1.4636 is expected.
USD-CHF	Current rise should end around 1.0460. Objectives of this downmove are 1.0346 or 1.0285. A rise above 1.0513 is again bullish.
GBP-USD	No comment!
USD-JPY	There is bearish potential for a fall to 89.2900 while 89.7300 - 89.8850 resist. After this fall a recovery up to 89.8850 or 90.0400 is expected.
USD-CAD	Corrective dips should ideally halt near 1.0754 or 1.0724 for one more thrust upwards towards 1.0841 - 1.0898 area or 1.0959 in extention. Fall below 1.0611 puts it back on a downward path.
NZD-USD	It looks more likely that it would rise to 0.7219 - 0.7290 from 0.7142 or 0.7106. After which a downside move is expected.
AUD-USD	It looks more likely that it would rise to 0.8812 - 0.8927 from 0.8686 or 0.8629. After which a downside move is expected.
EUR-JPY	No comment!
EUR-CHF	Decline should be supported around 1.5116 - 1.5092 zone for rally to above 1.5178. A clear break of 1.5092 will damage this expected rally.
EUR-GBP	Market should pop up towards 0.9147 or 0.9169 this bullish scenario would be damaged if 0.9098 - 0.9089 zone is broken, a severe break down could then occur.
EUR-CAD	Market should hold major support at 1.5595 before rising towards 1.5834 or even 1.5902 limit.
EUR-NZD	It should test 2.0571 area after which a sell off down to 2.0182 or extended to 2.0016 area is expected.
EUR-AUD	It may attempt a test higher to 1.6730 - 1.6803 after which weakness may set it to a drift down to below 1.6579 limit.
GBP-CHF	It looks more likely that it would rise to 1.6699 - 1.6793 from 1.6565 or 1.6518. After which a downside move is expected.
GBP-JPY	There is bearish potential for a fall to 142.4700 while 143.3500 - 143.6000 resist. After this fall a recovery up to 143.6000 or 143.8500 is expected.
GBP-CAD	It should be subject to more sell off towards 1.7176 or 1.7136. Corrective upward swings should face resistance around 1.7530 area. A break of 1.7453 is bullish.
GBP-AUD	It looks set for gains to 1.8456. Supports at 1.8203 and 1.8149. A break of 1.7951 will damage this bullish structure.
CAD-JPY	There is bearish potential for a fall to 82.6550 - 82.1433 while 83.1667 - 83.4250 resist. After this fall a recovery up to 83.4250 or 83.6833 is expected.
NZD-JPY	There is bearish potential for a fall to 63.6767 while 64.4133 - 64.6050 resist. After this fall a recovery up to 64.6050 or 64.7967 is expected.
AUD-JPY	There is bearish potential for a fall to 77.9100 - 77.3600 while 78.4600 - 78.7450 resist. After this fall a recovery up to 78.7450 or 79.0300 is expected.
XAG-USD	There are initial signs of a good corrective recovery towards 16.5600 or even 16.6400. Supports at 16.3400 and 16.2000 zone.
XAU-USD	There are initial signs of a good corrective recovery towards 1004.5699 or even 1006.7766. Supports at 998.5850 and 994.8066 zone.

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