Daily Market Comments - Wednesday 14 October 2009

[RTFX-Trading]

EUR-USD	Current rise should end around 1.4899. Objectives of this downmove are 1.4785 or 1.4716. A rise above 1.4944 is again bullish.
USD-CHF	One more dip to 1.0204 - < s1> is likely followed by a grind higher to 1.0247 - 1.0265. After which it can resume its downtrend.
GBP-USD	It looks set for gains to 1.5999. Supports at 1.5816 and 1.5779. A break of 1.5633 will damage this bullish structure.
USD-JPY	It looks more likely that it would rise to 90.1133 - 90.5267 from 89.5700 or 89.3633. After which a downside move is expected.
USD-CAD	Current fall is near an end of wave around 1.0266 zone, a rally should then procede to above 1.0372. Fall below 1.0214 would cancel this scenario.
NZD-USD	Current rise seems to be over near 0.7405 or 0.7435 for a retracement towards 0.7374 - 0.7353 area.
AUD-USD	Current upmove should be ended around 0.9107 - 0.9132. Any correction consolidation should find support in 0.9061 - 0.9039 zone.
EUR-JPY	While below 133.3800 - 133.6633 it is more likely to fall further towards 132.8850 or 132.6733. Premature rise above 133.6633 could see it rising above 134.0867 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.5161. Its corrective attempts should fail ahead of 1.5190. Stop loss above 1.5205 zone.
EUR-GBP	Preferred view is for a fall to 0.9322 - 0.9292 while 0.9370 - 0.9388 area resists. A clear break of 0.9448 would be bullish.
EUR-CAD	It looks set for gains to 1.5390. Supports at 1.5288 and 1.5257. A break of 1.5187 will damage this bullish structure.
EUR-NZD	It looks more likely that it would rise to 2.0234 - 2.0376 from 2.0035 or 1.9964. After which a downside move is expected.
EUR-AUD	Strength can extend to 1.6370 or 1.6403 as declines are expected to find support at 1.6337 or 1.6307. A fall below 1.6277 could turn it bearish.
GBP-CHF	It should test 1.6397 area after which a sell off down to 1.6162 or extended to 1.6054 area is expected.
GBP-JPY	It should trade higher to 143.6533 while 142.0250 or 141.6233 offers support. Stop loss below 140.3967 zone.
GBP-CAD	Market should hold major support at 1.6267 before rising towards 1.6532 or even 1.6633 limit.
GBP-AUD	It looks set for gains to 1.7634. Supports at 1.7427 and 1.7370. A break of 1.7219 will damage this bullish structure.
CAD-JPY	While below 87.0850 - 87.2767 it is more likely to fall further towards 86.7200 or 86.5467. Premature rise above 87.2767 could see it rising above 87.6233 zone.
NZD-JPY	Currently uptrend should end around 66.4650 - 66.7467 area. A correction down to below 65.7567 is expected. A rise above 67.1733 will abort the expected correction.
AUD-JPY	It should find support in 81.2650 - 81.0933 area for a rally to 82.2067. Unexpected fall below 80.6667 will dent this bullish view.
XAG-USD	While below 17.9150 - 18.0367 it might drop to 17.5467 or 17.3033.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1071.2048 or 1071.6067 if support around 1061.4233 hold. After which a pullback to 1061.4233 - 1057.7700 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.