Daily Market Comments - Thursday 15 October 2009

[RTFX-Trading]

EUR-USD	Current rise should end around 1.4968. Objectives of this downmove are 1.4861 or 1.4797. A rise above 1.5011 is again bullish.
USD-CHF	One more dip to 1.0139 - 1.0110 is likely followed by a grind higher to 1.0188 - 1.0208. After which it can resume its downtrend.
GBP-USD	One move lower to 1.5914 or 1.5848 is anticipated while below 1.6003 - 1.6036 area. Stop loss above 1.6092 zone.
USD-JPY	It should test 89.6000 area after which a sell off down to 88.8833 or extended to 88.3267 area is expected.
USD-CAD	Support at 1.0235 or 1.0205 should hold the downside for a correction to above 1.0296 zone.
NZD-USD	There are initial signs of a good corrective recovery towards 0.7414 or even 0.7432. Supports at 0.7375 and 0.7355 zone.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9155 or 0.9187 if support around 0.9120 hold. After which a pullback to 0.9120 - 0.9101 zone is possible.
EUR-JPY	It should try higher up to 133.6250 - 134.0833. Entry point 133.1667 or 132.8600. After this rise, a correction is expected.
EUR-CHF	It looks set to visit further lower territory down to around 1.5144 - 1.5131. Its corrective attempts should fail ahead of 1.5166 or 1.5175. Stop loss above 1.5201 zone.
EUR-GBP	It may attempt a test higher to 0.9347 - 0.9363 after which weakness may set it to a drift down to below 0.9306 limit.
EUR-CAD	Current move should be supported in 1.5277 - 1.5250 zone for a rise to 1.5334. A break below 1.5220 opens the way down.
EUR-NZD	It should trade lower to 2.0110 or 1.9951 in extension while 2.0210 - 2.0268 offer resistance. A break of 2.0355 will damage this bearish view.
EUR-AUD	It looks more likely that it would rise to 1.6381 - 1.6450 from 1.6289 or 1.6254. After which a downside move is expected.
GBP-CHF	Current move should be supported in 1.6212 - 1.6179 zone for a rise to 1.6288. A break below 1.6137 opens the way down.
GBP-JPY	Current upmove should be ended around 143.3950 - 143.9433. Any correction consolidation should find support in 142.3450 - 141.8433 zone.
GBP-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6481 or under 1.6355 limits.
GBP-AUD	It looks more likely that it would rise to 1.7561 - 1.7657 from 1.7449 or 1.7401. After which a downside move is expected.
CAD-JPY	It should trade higher to 87.6900 while 87.0800 or 86.9250 offers support. Stop loss below 86.7700 zone.
NZD-JPY	Current upmove should be ended around 66.3400 - 66.5300. Any correction consolidation should find support in 65.9600 - 65.7700 zone.
AUD-JPY	It should trade higher to 82.1733 while 81.6567 or 81.4850 offers support. Stop loss below 81.3133 zone.
XAG-USD	Resistances lie around 17.9900 and 18.0833. It should test lower towards 17.6933 zone. A clear break of 17.8300 would be bearish.
XAU-USD	It looks more likely that it would rise to 1070.1234 - 1077.7968 from 1059.2900 or 1055.4534. After which a downside move is expected.

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