Daily Market Comments - Tuesday 06 October 2009

[RTFX-Trading]

EUR-USD	Current rise should end around 1.4684. Objectives of this downmove are 1.4596 or 1.4545. A rise above 1.4721 is again bullish.
USD-CHF	It may meet resistance in 1.0320 - 1.0328 zone for a drift down to 1.0299 zone, after which bounce to 1.0350 is anticipated.
GBP-USD	While below 1.5935 or 1.5954 it could fall towards below 1.5884 or 1.5833. After which a corrective/consolidation activity is expected to 1.5979 zone.
USD-JPY	Current move should be supported in 89.4700 - 89.3000 zone for a rise to 89.8800. A break below 89.0600 opens the way down.
USD-CAD	Support at 1.0697 or 1.0655 should hold the downside for a correction to above 1.0784 zone.
NZD-USD	Current rise seems to be over near 0.7309 or 0.7367 for a retracement towards 0.7252 - 0.7221 area.
AUD-USD	Current rise seems to be over near 0.8787 or 0.8834 for a retracement towards 0.8741 - 0.8712 area.
EUR-JPY	While below 131.4200 - 131.7367 it is more likely to fall further towards 130.8200 or 130.5367. Premature rise above 131.7367 could see it rising above 132.3033 zone.
EUR-CHF	It should trade higher to 1.5136 or above 1.5153 in extention. Supports at 1.5103 and 1.5095. Stop loss below 1.5071 zone.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9225 or 0.9217 if support around 0.9178 hold. After which a pullback to 0.9178 - 0.9166 zone is possible.
EUR-CAD	Market should not go lower than 1.5664 - 1.5617. After this move down it should go up to 1.5735 - 1.5760 area.
EUR-NZD	Market should not go lower than 2.0045 - 1.9911. After this move down it should go up to 2.0252 - 2.0324 area.
EUR-AUD	There is bearish potential for a fall to 1.6616 while 1.6742 - 1.6779 resist. After this fall a recovery up to 1.6779 or 1.6815 is expected.
GBP-CHF	It looks set to visit further lower territory down to around 1.6442 - 1.6413. Its corrective attempts should fail ahead of 1.6442 - 1.6506. Stop loss above 1.6563 zone.
GBP-JPY	It looks more likely that it would rise to 143.6533 - 144.6167 from 142.5250 or 142.0433. After which a downside move is expected.
GBP-CAD	Market should not go lower than 1.6960. After this move down it should go up to 1.7147 - 1.7182 area.
GBP-AUD	Market should not go lower than 1.8140 - 1.8046. After this move down it should go up to 1.8288 - 1.8341 area.
CAD-JPY	Currently uptrend should end around 84.2832 - 84.2600 area. A correction down to below 82.9400 is expected. A rise above 84.8100 will abort the expected correction.
NZD-JPY	Current rise seems to be over near 65.4450 or 65.9167 for a retracement towards 64.9733 - 64.7250 area.
AUD-JPY	Currently uptrend should end around 78.7099 - 79.1067 area. A correction down to below 77.7367 is expected. A rise above 79.6133 will abort the expected correction.
XAG-USD	It should trade higher to 16.8400 while 16.4400 or 16.3350 offers support. Stop loss below 16.2300 zone.
XAU-USD	Currently uptrend should end around 1023.6849 - 1022.9500 area. A correction down to below 1006.3700 is expected. A rise above 1028.6500 will abort the expected correction.

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

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