Daily Market Comments - Friday 30 October 2009

[RTFX-Trading]

EUR-USD	It should trade higher to 1.4902 while 1.4793 or 1.4760 offers support. Stop loss below 1.4726 zone.
USD-CHF	There is bearish potential for a fall to 1.0140 while 1.0213 - 1.0236 resist. After this fall a recovery up to 1.0236 or 1.0259 is expected.
GBP-USD	Current rise seems to be over near 1.6583 or 1.6664 for a retracement towards 1.6501 - 1.6450 area.
USD-JPY	It may attempt a test higher to 91.5450 - 91.9767 after which weakness may set it to a drift down to 90.6067 limit.
USD-CAD	It looks more likely that it would rise to 1.0777 - 1.0883 from 1.0663 or 1.0610. After which a downside move is expected.
NZD-USD	It may attempt a test higher to 0.7347 - 0.7409 after which weakness may set it to a drift down to 0.7202 limit.
AUD-USD	If market stays below 0.9170 a fall to 0.9008 is expected. If market breaks the point 0.9246 it could reach the sky.
EUR-JPY	It looks set for gains to 136.8733. Supports at 134.2600 and 133.6833. A break of 131.6467 will damage this bullish structure.
EUR-CHF	Market should hold major support at 1.5095 before rising towards 1.5117 or even 1.5122 limit.
EUR-GBP	It should try higher up to 0.8977. Entry point 0.8955 or 0.8935. After this rise, a correction is expected.
EUR-CAD	It looks more likely that it would rise to 1.5896 - 1.5963 from 1.5818 or 1.5784. After which a downside move is expected.
EUR-NZD	There are initial signs of a good corrective recovery towards 2.0393 or even 2.0474. Supports at 2.0200 and 2.0089 zone.
EUR-AUD	While above 1.6185 - 1.6106 zone a corrective dip could test 1.6264 or 1.6357. After which it should resume his downtrend.
GBP-CHF	Resistances lie around 1.6910 and 1.6951. It should test lower towards 1.6786 zone. A clear break of 1.6863 would be bearish.
GBP-JPY	It should trade higher to 152.8600 while 150.2700 or 149.5850 offers support. Stop loss below 148.9000 zone.
GBP-CAD	A corrective rise should ideally test 1.7787 or even higher than 1.7904. Supports are at 1.7559. Stop loss below 1.7510 zone.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.8194 or even 1.8249. Supports at 1.8054 and 1.7971 zone.
CAD-JPY	It may attempt a test higher to 85.8000 - 86.5467 after which weakness may set it to a drift down to 84.2267 limit.
NZD-JPY	It may attempt a test higher to 67.2000 - 68.0167 after which weakness may set it to a drift down to below 65.3767 limit.
AUD-JPY	If market stays below 83.9050 a fall to 81.7600 is expected. If market breaks the point 84.9100 it could reach the sky.
XAG-USD	It looks set for gains to 16.8800. Supports at 16.4000 and 16.3000. A break of 15.9200 will damage this bullish structure.
XAU-USD	It should try higher up to 1046.9199 - 1053.6433. Entry point 1040.1967 or 1036.3500. After this rise, a correction is expected.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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