Daily Market Comments - Tuesday 20 October 2009

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.4966 - after which weakness may set it to a drift down to 1.4873 limit.
USD-CHF	It looks more likely that it would rise to 1.0190 - 1.0268 from 1.0113 or 1.0074. After which a downside move is expected.
GBP-USD	It should try higher up to 1.6422 - 1.6483. Entry point 1.6362 or 1.6331. After this rise, a correction is expected.
USD-JPY	It looks more likely that it would rise to 90.9833 - 91.4267 from 90.4550 or 90.2333. After which a downside move is expected.
USD-CAD	There is bearish potential for a fall to 1.0235 while 1.0329 - 1.0353 resist. After this fall a recovery up to 1.0353 or 1.0378 is expected.
NZD-USD	Current rise seems to be over near 0.7571 or 0.7638 for a retracement towards 0.7504 - 0.7468 area.
AUD-USD	It should try higher up to 0.9293 - 0.9352. Entry point 0.9233 or 0.9202. After this rise, a correction is expected.
EUR-JPY	It should be subject to more sell off towards 134.8600 or 134.2200. Corrective upward swings should face resistance around 135.8300 area. A break of 136.5600 is bullish.
EUR-CHF	It looks set to visit further lower territory down to around 1.5118. Its corrective attempts should fail ahead of 1.5167. Stop loss above 1.5198 zone.
EUR-GBP	There is bearish potential for a fall to 0.9105 - 0.9077 while 0.9133 - 0.9150 resist. After this fall a recovery up to 0.9150 or 0.9167 is expected.
EUR-CAD	Market should not go lower than 1.5379 - 1.5342. After this move down it should go up to 1.5441 - 1.5466 area.
EUR-NZD	Market should not go lower than 1.9756 - 1.9614. After this move down it should go up to 1.9978 - 2.0059 area.
EUR-AUD	There is bearish potential for a fall to 1.6098 - 1.6029 while 1.6166 - 1.6204 resist. After this fall a recovery up to 1.6204 or 1.6242 is expected.
GBP-CHF	It should trade higher to 1.6693 while 1.6549 or 1.6506 offers support. Stop loss below 1.6405 zone.
GBP-JPY	It should trade higher to 149.5300 while 147.8850 or 147.4600 offers support. Stop loss below 146.2400 zone.
GBP-CAD	It looks more likely that it would rise to 1.6983 - 1.7080 from 1.6854 or 1.6806. After which a downside move is expected.
GBP-AUD	It looks more likely that it would rise to 1.7827 - 1.7980 from 1.7652 or 1.7575. After which a downside move is expected.
CAD-JPY	It should trade higher to 88.4333 while 87.6000 or 87.4033 offers support. Stop loss below 86.7667 zone.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 68.7868 or 69.1033 if support around 68.0667 hold. After which a pullback to 68.0667 - 67.7750 zone is possible.
AUD-JPY	It should try higher up to 84.1800 - 84.6333. Entry point 83.7267 or 83.4750. After this rise, a correction is expected.
XAG-USD	Currently uptrend should end around 17.8450 - 18.0400 area. A correction down to 17.5500 - 17.4500 is expected. A rise above 18.2400 will abort the expected correction.
XAU-USD	Current rise seems to be over near 1064.5200 or 1069.9933 for a retracement towards 1059.0466 - 1056.1499 area.

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