Daily Market Comments - Tuesday 13 October 2009

[RTFX-Trading]

EUR-USD	It looks set for gains to 1.4832. Supports at 1.4725 and 1.4696. A break of 1.4618 will damage this bullish structure.
USD-CHF	It looks more likely that it would rise to 1.0337 - 1.0405 from 1.0251 or 1.0217. After which a downside move is expected.
GBP-USD	It may meet resistance in 1.5799 - 1.5803 zone for a drift down to 1.5724 zone, after which bounce to 1.5879 is anticipated.
USD-JPY	Should test support at 89.4867 while below 89.8200. If support at 89.4867 holds it can rise up to 90.3067, if not it should fall to below 89.1533 zone.
USD-CAD	Current fall is near an end of wave around 1.0293 zone, a rally should then procede to above 1.0428. Fall below 1.0238 would cancel this scenario.
NZD-USD	It should try higher up to 0.7347 - 0.7377. Entry point 0.7316 or 0.7294. After this rise, a correction is expected.
AUD-USD	It may attempt a test higher to 0.9078 - after which weakness may set it to a drift down to 0.9010 limit.
EUR-JPY	One move lower to 132.0533 or 131.3967 is anticipated while below 133.0150 - 133.3433 area. Stop loss above 133.9767 zone.
EUR-CHF	Our preferred outlook is for a drift down to 1.5152 or below 1.5133. Resistances are at 1.5171 and 1.5178. A rise above 1.5197 would delay but not abort this expected fall.
EUR-GBP	While below 0.9367 - 0.9400 it is more likely to fall further towards 0.9309 or 0.9285. Premature rise above 0.9400 could see it rising above 0.9449 zone.
EUR-CAD	It may meet resistance in 1.5288 - 1.5298 zone for a drift down to 1.5222 zone, after which bounce to 1.5363 is anticipated.
EUR-NZD	One move lower to 2.0036 or 1.9923 is anticipated while below 2.0202 - 2.0259 area. Stop loss above 2.0369 zone.
EUR-AUD	While above 1.6272 - 1.6245 zone a corrective dip could test 1.6299 or 1.6338. After which it should resume his downtrend.
GBP-CHF	Current fall is near an end of wave around 1.6129 zone, a rally should then procede to above 1.6354. Fall below 1.6033 would cancel this scenario.
GBP-JPY	It looks more likely that it would rise to 142.9267 - 143.9233 from 141.7450 or 141.2467. After which a downside move is expected.
GBP-CAD	It may meet resistance in 1.6349 - 1.6401 zone for a drift down to 1.6244 zone, after which bounce to 1.6506 is anticipated.
GBP-AUD	It may meet resistance in 1.7415 - 1.7462 zone for a drift down to 1.7344 zone, after which bounce to 1.7534 is anticipated.
CAD-JPY	One move lower to 86.0567 or 85.3033 is anticipated while below 87.0700 - 87.4467 area. Stop loss above 88.0833 zone.
NZD-JPY	While above 65.6400 - 65.3900 zone a corrective upmove could test 66.1300 or 66.3700. After which it should resume its downtrend.
AUD-JPY	One move lower to 81.0733 or 80.6467 is anticipated while below 81.6900 - 81.9033 area. Stop loss above 82.3067 zone.
XAG-USD	Preferred view is for a fall to 17.7150 - 17.6333 while 17.8450 - 17.8933 area resists. A clear break of 18.0567 would be bullish.
XAU-USD	It should trade higher to 1061.8035 while 1052.1951 or 1049.8435 offers support. Stop loss below 1042.5868 zone.

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.