Daily Market Comments - Wednesday 21 October 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4970 - 1.4998 area. A correction down to 1.4914 - 1.4887 is expected. A rise above 1.5052 will abort the expected correction.
USD-CHF	Market should not go lower than 1.0099 - 1.0076. After this move down it should go up to 1.0162 - 1.0209 area.
GBP-USD	It looks more likely that it would rise to 1.6470 - 1.6560 from 1.6355 or 1.6310. After which a downside move is expected.
USD-JPY	If market stays below 90.9200 a fall to 90.2100 is expected. If market breaks the point 91.2000 it could reach the sky.
USD-CAD	Current rise seems to be over near 1.0510 or 1.0591 for a retracement towards 1.0429 - 1.0380 area.
NZD-USD	It looks more likely that it would rise to 0.7568 from 0.7468 or 0.7432. After which a downside move is expected.
AUD-USD	While above 0.9210 - 0.9176 zone a corrective dip could test 0.9244 or 0.9305. After which it should resume his downtrend.
EUR-JPY	Corrective dips should ideally halt near 135.2650 or 135.0700 for one more thrust upwards towards 135.7550 - 136.0500 area or 136.4400 in extention. Fall below 134.4800 puts it back on a downward path.
EUR-CHF	It may meet resistance in 1.5119 - 1.5123 zone for a drift down to 1.5107 zone, after which bounce to 1.5136 is anticipated.
EUR-GBP	It should trade lower to 0.9078. Resistances are at 0.9159 and 0.9195. A break of 0.9240 is bullish, confirmed by a close above 0.9145.
EUR-CAD	Current rise seems to be over near 1.5686 or 1.5792 for a retracement towards 1.5580 - 1.5526 area.
EUR-NZD	It may attempt a test higher to 1.9978 - 2.0052 after which weakness may set it to a drift down to 1.9790 limit.
EUR-AUD	It may attempt a test higher to 1.6196 - 1.6234 after which weakness may set it to a drift down to 1.6101 limit.
GBP-CHF	No comment!
GBP-JPY	It looks set for gains to 149.5600. Supports at 148.1100 and 147.6800. A break of 146.6600 will damage this bullish structure.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7262 or 1.7365 if support around 1.7100 hold. After which a pullback to 1.7100 - 1.7015 zone is possible.
GBP-AUD	It should be subject to more sell off towards 1.7620 or 1.7509. Corrective upward swings should face resistance around 1.7739 area. A break of 1.7951 is bullish.
CAD-JPY	Market should not go lower than 86.3500 - 85.7133. After this move down it should go up to 87.3750 - 87.7633 area.
NZD-JPY	It looks more likely that it would rise to 68.5800 - 69.1300 from 67.8350 or 67.5600. After which a downside move is expected.
AUD-JPY	Current move should be supported in 83.6600 - 83.4400 zone for a rise to 84.3000. A break below 83.0200 opens the way down.
XAG-USD	While above 17.4550 - 17.3000 zone a corrective upmove could test 17.7100 or 17.8100. After which it should resume its downtrend.
XAU-USD	While above 1053.7000 - 1048.8932 zone a corrective upmove could test 1061.6599 or 1064.8132. After which it should resume its downtrend.

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