Daily Market Comments - Monday 02 November 2009

[RTFX-Trading]

EUR-USD	While above 1.4711 - 1.4662 zone a corrective dip could test 1.4760 or 1.4817. After which it should resume his downtrend.
USD-CHF	It should be subject to more sell off towards 1.0189 or 1.0113. Corrective upward swings should face resistance around 1.0359 area. A break of 1.0351 is bullish.
GBP-USD	While above 1.6431 - 1.6382 zone a corrective upmove could test 1.6516 or 1.6552. After which it should resume its downtrend.
USD-JPY	There is bearish potential for a fall to 90.0050 - 89.4800 while 90.5300 - 90.8350 resist. After this fall a recovery up to 90.8350 or 91.1400 is expected.
USD-CAD	It should try higher up to 1.0848. Entry point 1.0750 or 1.0718. After this rise, a correction is expected.
NZD-USD	There is bearish potential for a fall to 0.7168 - 0.7112 while 0.7223 - 0.7257 resist. After this fall a recovery up to 0.7257 or 0.7291 is expected.
AUD-USD	While below 0.9090 - 0.9126 it might drop to 0.8929 or 0.8856.
EUR-JPY	There is bearish potential for a fall to 131.3000 while 133.6100 - 134.2600 resist. After this fall a recovery up to 134.2600 or 134.9100 is expected.
EUR-CHF	It looks more likely that it would rise to 1.5159 - 1.5211 from 1.5095 or 1.5069. After which a downside move is expected.
EUR-GBP	No comment!
EUR-CAD	Currently uptrend should end around 1.5980 - 1.6039 area. A correction down to below 1.5850 is expected. A rise above 1.6111 will abort the expected correction.
EUR-NZD	Uptrend is still intact. It should continue to rally to 2.0756 or 2.0949 if supports at 2.0434 - 2.0370 area hold. Stop loss below 2.0305.
EUR-AUD	Corrective dips should ideally halt near 1.6268 or 1.6224 for one more thrust upwards towards 1.6373 - 1.6434 area or 1.6521 in extention. Fall below 1.6101 puts it back on a downward path.
GBP-CHF	It should find support in 1.6842 - 1.6808 area for a rally to 1.7028. Unexpected fall below 1.6726 will dent this bullish view.
GBP-JPY	There is bearish potential for a fall to 146.6833 while 149.2167 - 149.9950 resist. After this fall a recovery up to 149.9950 or 150.7733 is expected.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7883 or 1.7944 if support around 1.7786 hold. After which a pullback to 1.7786 - 1.7738 zone is possible.
GBP-AUD	It should try higher up to 1.8289 - 1.8370. Entry point 1.8209 or 1.8162. After this rise, a correction is expected.
CAD-JPY	There is bearish potential for a fall to 83.0050 - 82.0667 while 83.9433 - 84.4350 resist. After this fall a recovery up to 84.4350 or 84.9267 is expected.
NZD-JPY	There is bearish potential for a fall to 64.5250 - 63.6833 while 65.3667 - 65.8650 resist. After this fall a recovery up to 65.8650 or 66.3633 is expected.
AUD-JPY	There is bearish potential for a fall to 80.9400 - 79.9567 while 81.9233 - 82.5000 resist. After this fall a recovery up to 82.5000 or 83.0767 is expected.
XAG-USD	While above 16.2300 - 16.0600 zone a corrective dip could test 16.4000 or 16.6500. After which it should resume his downtrend.
XAU-USD	Current rise seems to be over near 1047.3401 or 1051.3601 for a retracement towards 1043.3201 - 1040.4150 area.

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