Daily Market Comments - Friday 23 October 2009

[RTFX-Trading]

EUR-USD	It should try higher up to 1.5036 - 1.5066. Entry point 1.5005 or 1.4989. After this rise, a correction is expected.
USD-CHF	There is bearish potential for a fall to 1.0043 - 1.0016 while 1.0069 - 1.0084 resist. After this fall a recovery up to 1.0084 or 1.0099 is expected.
GBP-USD	Currently uptrend should end around 1.6673 - 1.6680 area. A correction down to below 1.6530 is expected. A rise above 1.6733 will abort the expected correction.
USD-JPY	Strength can extend to 91.5000 or 91.7400 as declines are expected to find support at 91.2600 or 91.0350. A fall below 90.8100 could turn it bearish.
USD-CAD	It looks more likely that it would rise to 1.0540 - 1.0605 from 1.0447 or 1.0414. After which a downside move is expected.
NZD-USD	It should try higher up to 0.7591 - 0.7621. Entry point 0.7561 or 0.7539. After this rise, a correction is expected.
AUD-USD	It should trade higher to above 0.9316 while 0.9227 - 0.9203 offer support. Stop Loss below 0.9138 zone.
EUR-JPY	Currently uptrend should end around 137.9301 - 137.6833 area. A correction down to below 136.5333 is expected. A rise above 138.1267 will abort the expected correction.
EUR-CHF	Any possible decline should be supported around 1.5084 - 1.5068 zone for rally to above 1.5158. A clear break of 1.5039 will damage this expected rally.
EUR-GBP	It should test 0.9048 area after which a sell off down to 0.9014 or extended to 0.8984 area is expected.
EUR-CAD	Currently uptrend should end around 1.5780 - 1.5805 area. A correction down to below 1.5666 is expected. A rise above 1.5864 will abort the expected correction.
EUR-NZD	While below 1.9903 - 1.9956 it might drop to 1.9732 or 1.9626.
EUR-AUD	No comment!
GBP-CHF	A corrective rise should ideally test 1.6754 or even higher than 1.6808. Supports are at 1.6667. Stop loss below 1.6614 zone.
GBP-JPY	One move lower to 150.9067 or 150.0434 is anticipated while below 151.8750 - 152.3067 area. Stop loss above 152.8433 zone.
GBP-CAD	One move lower to 1.7326 or 1.7238 is anticipated while below 1.7432 - 1.7476 area. Stop loss above 1.7538 zone.
GBP-AUD	Should test support at 1.7864 while below 1.7936. If support at 1.7864 holds it can rise up to 1.8013, if not it should fall to below 1.7793 zone.
CAD-JPY	Current upmove should continue up to 87.5867 or 88.0233. Any correction should find support in 87.1133 - 86.8950 zone. A break above87.4332 could accelerate the move up.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 69.3002 or 69.5500 if support around 68.9600 hold. After which a pullback to 68.9600 - 68.7700 zone is possible.
AUD-JPY	It should try higher up to 84.6650 - 84.9167. Entry point 84.4133 or 84.2650. After this rise, a correction is expected.
XAG-USD	Corrective dips should ideally halt near 17.5150 or 17.4300 for one more thrust upwards towards 17.7200 - 17.8400 area or 18.0100 in extention. Fall below 17.1900 puts it back on a downward path.
XAU-USD	It should be subject to more sell off towards 1055.8750 or 1053.9333. Corrective upward swings should face resistance around 1066.7502 area. A break of 1067.8167 is bullish.

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