Daily Market Comments - Monday 05 October 2009

[RTFX-Trading]

EUR-USD	If market stays below 1.4609 a fall to 1.4485 is expected. If market breaks the point 1.4653 it could reach the sky.
USD-CHF	No comment!
GBP-USD	Market should hold major support at 1.5774 before rising towards 1.5979 or even 1.6044 limit.
USD-JPY	It should test 90.7000 area after which a sell off down to 88.9200 or extended to 88.1000 area is expected.
USD-CAD	There are initial signs of a good corrective recovery towards 1.0892 or even 1.0926. Supports at 1.0807 and 1.0757 zone.
NZD-USD	It may attempt a test higher to 0.7185 - 0.7220 after which weakness may set it to a drift down to 0.7087 limit.
AUD-USD	It may meet resistance in 0.8635 - 0.8639 zone for a drift down to 0.8565 zone, after which bounce to 0.8710 is anticipated.
EUR-JPY	It should test 132.0200 area after which a sell off down to 129.4500 or extended to 128.1400 area is expected.
EUR-CHF	It should be subject to more weakness towards 1.5070. After which a correction to above 1.5129 is anticipated. A break of 1.5048 is bearish.
EUR-GBP	Current upmove should be ended around 0.9177 - 0.9199. Any correction consolidation should find support in 0.9133 - 0.9111 zone.
EUR-CAD	Resistances lie around 1.5827 and 1.5859. It should test lower towards 1.5709 zone. A clear break of 1.5700 would be bearish.
EUR-NZD	Current upmove should be ended around 2.0418 - 2.0488. Any correction consolidation should find support in 2.0282 - 2.0217 zone.
EUR-AUD	Current rise should end around 1.6968. Objectives of this downmove are 1.6728 or 1.6585. A rise above 1.7065 is again bullish.
GBP-CHF	It looks set to visit further lower territory down to around 1.6449 - 1.6394. Its corrective attempts should fail ahead of 1.6449 - 1.6594. Stop loss above 1.6705 zone.
GBP-JPY	Market should hold major support at 140.5701 before rising towards 143.6367 or even 144.4633 limit.
GBP-CAD	There are initial signs of a good corrective recovery towards 1.7288 or even 1.7324. Supports at 1.7203 and 1.7154 zone.
GBP-AUD	While below 1.8449 - 1.8510 it is more likely to fall further towards 1.8348 or 1.8307. Premature rise above 1.8510 could see it rising above 1.8592 zone.
CAD-JPY	It should test 84.3200 area after which a sell off down to 81.7900 or extended to 80.6700 area is expected.
NZD-JPY	It should test 65.1000 area after which a sell off down to 63.3600 or extended to 62.4900 area is expected.
AUD-JPY	It should try higher up to 77.7800 - 78.2600. Entry point 77.3000 or 76.9200. After this rise, a correction is expected.
XAG-USD	Current fall is near an end of wave around 15.8533 zone, a rally should then procede to above 16.4133. Fall below 15.5967 would cancel this scenario.
XAU-USD	It may attempt a test higher to 1004.9551 - after which weakness may set it to a drift down to 990.1501 limit.

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

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