Daily Market Comments - Monday 12 October 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.4656 while 1.4726 - 1.4753 resist. After this fall a recovery up to 1.4753 or 1.4780 is expected.
USD-CHF	Currently uptrend should end around 1.0339 - 1.0367 area. A correction down to 1.0291 - 1.0271 is expected. A rise above 1.0408 will abort the expected correction.
GBP-USD	Market should not go lower than 1.5836 - 1.5756. After this move down it should go up to 1.5963 - 1.6009 area.
USD-JPY	Current rise seems to be over near 89.8400 or 90.3367 for a retracement towards 89.3433 - 89.0700 area.
USD-CAD	One more dip to 1.0428 - < s1> is likely followed by a grind higher to 1.0498 - 1.0527. After which it can resume its downtrend.
NZD-USD	Market should not go lower than 0.7326 - 0.7290. After this move down it should go up to 0.7391 - 0.7420 area.
AUD-USD	A corrective rise should ideally test 0.9077 or even higher than 0.9116. Supports are at 0.9017. Stop loss below 0.8974 zone.
EUR-JPY	Current rise seems to be over near 132.1550 or 132.6433 for a retracement towards 131.6667 - 131.3750 area.
EUR-CHF	Current rise should end around 1.5193 or 1.5200. Objectives of this downmove are 1.5174 or 1.5159. A rise above 1.5211 is again bullish.
EUR-GBP	Current rise seems to be over near 0.9287 or 0.9322 for a retracement towards 0.9252 - 0.9232 area.
EUR-CAD	Market should not go lower than 1.5248. After this move down it should go up to 1.5468 - 1.5517 area.
EUR-NZD	Strength can extend to 2.0064 or even 2.0122 as declines are expected to find support at 2.0007 or 1.9955. Stop Loss below 1.9903 zone.
EUR-AUD	It may meet resistance in 1.6274 - 1.6295 zone for a drift down to 1.6238 zone, after which bounce to 1.6331 is anticipated.
GBP-CHF	Market should not go lower than 1.6353 - 1.6292. After this move down it should go up to 1.6449 - 1.6484 area.
GBP-JPY	Resistances lie around 142.7000 and 143.0433. It should test lower towards 141.5933 zone. A clear break of 142.0500 would be bearish.
GBP-CAD	Market should not go lower than 1.6380. After this move down it should go up to 1.6738 - 1.6816 area.
GBP-AUD	Market should not go lower than 1.7360. After this move down it should go up to 1.7693 area.
CAD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 87.1032 or 86.7700 if support around 85.3700 hold. After which a pullback to 85.3700 - 84.9700 zone is possible.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 66.2235 or 66.2467 if support around 65.8233 hold. After which a pullback to 65.8233 - 65.6850 zone is possible.
AUD-JPY	Current rise should end around 81.5767. Objectives of this downmove are 80.3567 or 79.5733. A rise above 82.0133 is again bullish.
XAG-USD	It should be subject to more sell off towards 17.5633 or 17.4067. Corrective upward swings should face resistance around 17.8200 area. A break of 17.9667 is bullish.
XAU-USD	It looks more likely that it would rise to 1054.6166 - 1061.0333 from 1046.0249 or 1042.8165. After which a downside move is expected.

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