Daily Market Comments - Wednesday 04 November 2009

[RTFX-Trading]

EUR-USD	If market stays below 1.4767 a fall to 1.4629 is expected. If market breaks the point 1.4814 it could reach the sky.
USD-CHF	While above 1.0227 - 1.0190 zone a corrective upmove could test 1.0299 or 1.0333. After which it should resume its downtrend.
GBP-USD	Market should hold major support at 1.6287 before rising towards 1.6505 or even 1.6577 limit.
USD-JPY	Current upmove should be over between 90.4550 and 90.6500. A correction down to 89.2300 is anticipated. A break of 90.9700 is bullish.
USD-CAD	Market should not go lower than 1.0658 - 1.0593. After this move down it should go up to 1.0757 - 1.0791 area.
NZD-USD	It should be subject to more sell off towards 0.7150 or 0.7121. Corrective upward swings should face resistance around 0.7278 area. A break of 0.7321 is bullish.
AUD-USD	If market stays below 0.9057 a fall to 0.8929 is expected. If market breaks the point 0.9104 it could reach the sky.
EUR-JPY	It should test 133.4900 area after which a sell off down to 131.8267 or extended to 130.6533 area is expected.
EUR-CHF	Any possible decline should be supported around 1.5089 - 1.5074 zone for rally to above 1.5144. A clear break of 1.5054 will damage this expected rally.
EUR-GBP	It looks more likely that it would rise to 0.9035 - 0.9111 from 0.8947 or 0.8909. After which a downside move is expected.
EUR-CAD	Market should not go lower than 1.5683 - 1.5594. After this move down it should go up to 1.5823 - 1.5874 area.
EUR-NZD	There is bearish potential for a fall to 2.0319 while 2.0488 - 2.0547 resist. After this fall a recovery up to 2.0547 or 2.0607 is expected.
EUR-AUD	It looks more likely that it would rise to 1.6439 - 1.6559 from 1.6293 or 1.6233. After which a downside move is expected.
GBP-CHF	It should trade higher to 1.6958 or above 1.7056 in extention. Supports at 1.6763 and 1.6714. Stop loss below 1.6568 zone.
GBP-JPY	Market should hold major support at 146.9334 before rising towards 149.2233 or even 149.9967 limit.
GBP-CAD	It may meet resistance in 1.7571 - 1.7607 zone for a drift down to below 1.7449 zone.
GBP-AUD	It may attempt a test higher to 1.8246 - 1.8318 after which weakness may set it to a drift down to below 1.8070 limit.
CAD-JPY	Current rise seems to be over near 84.7550 or 85.3433 for a retracement towards 84.1667 - 83.8600 area.
NZD-JPY	It should be subject to more sell off towards 64.4850 or 64.1667. Corrective upward swings should face resistance around 65.8700 area. A break of 66.3433 is bullish.
AUD-JPY	If market stays below 81.8500 a fall to 80.4367 is expected. If market breaks the point 82.3867 it could reach the sky.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 17.4600 or 17.6133 if support around 16.9267 hold. After which a pullback to 16.9267 - 16.7250 zone is possible.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1101.3413 or 1096.4498 if support around 1075.8999 hold. After which a pullback to 1075.8999 - 1069.8749 zone is possible.

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

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