Daily Market Comments - Wednesday 07 October 2009

[RTFX-Trading]

EUR-USD	One move lower to 1.4658 or 1.4594 is anticipated while below 1.4742 - 1.4774 area. Stop loss above 1.4826 zone.
USD-CHF	Current fall is near an end of wave around 1.0229 zone, a rally should then procede to above 1.0316. Fall below 1.0189 would cancel this scenario.
GBP-USD	It looks more likely that it would rise to 1.6020 - 1.6118 from 1.5899 or 1.5850. After which a downside move is expected.
USD-JPY	Market should not go lower than 88.3661. After this move down it should go up to 89.2350 - 89.4367 area.
USD-CAD	It may meet resistance in 1.0594 - 1.0618 zone for a drift down to 1.0523 zone, after which bounce to 1.0690 is anticipated.
NZD-USD	One move lower to 0.7294 or 0.7244 is anticipated while below 0.7361 - 0.7386 area. Stop loss above 0.7428 zone.
AUD-USD	Current rise should end around 0.8962. Objectives of this downmove are 0.8803 or 0.8702. A rise above 0.9020 is again bullish.
EUR-JPY	It looks more likely that it would rise to 131.3734 - 131.9767 from 130.6650 or 130.3633. After which a downside move is expected.
EUR-CHF	Currently uptrend should end around 1.5123 - 1.5132 area. A correction down to 1.5107 - 1.5100 is expected. A rise above 1.5146 will abort the expected correction.
EUR-GBP	Current upmove should be ended around 0.9261 - 0.9289. Any correction consolidation should find support in 0.9211 - 0.9189 zone.
EUR-CAD	Market should not go lower than 1.5573 - 1.5516. After this move down it should go up to 1.5668 - 1.5708 area.
EUR-NZD	It may meet resistance in 2.0048 - 2.0054 zone for a drift down to 1.9974 zone, after which bounce to 2.0129 is anticipated.
EUR-AUD	Market should not go lower than 1.6438. After this move down it should go up to 1.6701 area.
GBP-CHF	One more dip to 1.6320 - < s1> is likely followed by a grind higher to 1.6409 - 1.6448. After which it can resume its downtrend.
GBP-JPY	Market should not go lower than 141.2000 - 140.5200. After this move down it should go up to 142.3300 - 142.7800 area.
GBP-CAD	It looks set to visit further lower territory down to around 1.6823 - 1.6720. Its corrective attempts should fail ahead of 1.6823 - 1.7068. Stop loss above 1.7273 zone.
GBP-AUD	Market should not go lower than 1.7641. After this move down it should go up to 1.8123 area.
CAD-JPY	Currently uptrend should end around 84.2132 - 84.2867 area. A correction down to below 83.3067 is expected. A rise above 84.7133 will abort the expected correction.
NZD-JPY	There are initial signs of a good corrective recovery towards 65.4650 or even 65.6600. Supports at 65.0550 and 64.8400 zone.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 79.5766 or 79.5600 if support around 78.7900 hold. After which a pullback to 78.7900 - 78.5550 zone is possible.
XAG-USD	Currently uptrend should end around 17.9667 - 17.6400 area. A correction down to below 16.8300 is expected. A rise above 17.9300 will abort the expected correction.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1060.3483 or 1052.0698 if support around 1033.8199 hold. After which a pullback to 1033.8199 - 1028.8350 zone is possible.

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

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.