Daily Market Comments - Friday 09 October 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4823 or 1.4847 if support around 1.4765 hold. After which a pullback to 1.4765 - 1.4739 zone is possible.
USD-CHF	No comment!
GBP-USD	Current rise should end around 1.6144. Objectives of this downmove are 1.5974 or 1.5877. A rise above 1.6217 is again bullish.
USD-JPY	Current fall is near an end of wave around 88.1233 zone, a rally should then procede to above 88.6833. Fall below 87.8567 would cancel this scenario.
USD-CAD	Market should not go lower than 1.0512 - 1.0472. After this move down it should go up to 1.0574 - 1.0597 area.
NZD-USD	Current rise should end around 0.7467. Objectives of this downmove are 0.7374 or 0.7321. A rise above 0.7507 is again bullish.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9134 or 0.9134 if support around 0.9017 hold. After which a pullback to 0.9017 - 0.8981 zone is possible.
EUR-JPY	It should try higher up to 130.8600 - 131.1500. Entry point 130.5700 or 130.3800. After this rise, a correction is expected.
EUR-CHF	Current rise should end around 1.5180 or 1.5190. Objectives of this downmove are 1.5158 or 1.5139. A rise above 1.5203 is again bullish.
EUR-GBP	It should test 0.9229 area after which a sell off down to 0.9167 or extended to 0.9127 area is expected.
EUR-CAD	While above 1.5547 - 1.5509 zone a corrective dip could test 1.5584 or 1.5635. After which it should resume his downtrend.
EUR-NZD	No comment!
EUR-AUD	It looks set to visit further lower territory down to around 1.6303 - 1.6237. Its corrective attempts should fail ahead of 1.6303 - 1.6459. Stop loss above 1.6591 zone.
GBP-CHF	There are initial signs of a good corrective recovery towards 1.6531 or even 1.6560. Supports at 1.6464 and 1.6427 zone.
GBP-JPY	Uptrend is still intact. It should continue to rally to 143.4366 or 144.3133 if supports at 141.8667 - 141.5200 area hold. Stop loss below 141.1733.
GBP-CAD	It looks more likely that it would rise to 1.7031 - 1.7159 from 1.6877 or 1.6813. After which a downside move is expected.
GBP-AUD	It might hold above 1.7718 or 1.7649 for a rise towards above 1.7874. Stop loss below 1.7562 zone.
CAD-JPY	It should trade higher to 84.4067 while 83.8533 or 83.6700 offers support. Stop loss below 83.4867 zone.
NZD-JPY	Current rise should end around 65.9667. Objectives of this downmove are 65.2667 or 64.8733. A rise above 66.2733 is again bullish.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 80.5232 or 80.6467 if support around 79.7633 hold. After which a pullback to 79.7633 - 79.4850 zone is possible.
XAG-USD	While below 17.8500 - 17.9633 it is more likely to fall further towards 17.6450 or 17.5533. Premature rise above 17.9633 could see it rising above 18.1467 zone.
XAU-USD	While below 1058.3749 - 1063.4832 it is more likely to fall further towards 1049.0999 or 1044.9332. Premature rise above 1063.4832 could see it rising above 1071.8165 zone.

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