Daily Market Comments - Thursday 05 November 2009

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.4885 or 1.4946 for a retracement towards 1.4824 - 1.4781 area.
USD-CHF	Market should not go lower than 1.0144 - 1.0100. After this move down it should go up to 1.0219 - 1.0250 area.
GBP-USD	Currently uptrend should end around 1.6622 - 1.6634 area. A correction down to below 1.6437 is expected. A rise above 1.6714 will abort the expected correction.
USD-JPY	While below 91.0150 - 91.3367 it is more likely to fall further towards 90.0767 or 89.4333.
USD-CAD	It may meet resistance in 1.0628 - 1.0636 zone for a drift down to 1.0587 zone, after which bounce to 1.0677 is anticipated.
NZD-USD	While below 0.7311 it is more likely to fall further towards 0.7240 or 0.7205 level.
AUD-USD	It should trade higher to 0.9177 while 0.9067 or 0.9028 offers support. Stop loss below 0.8990 zone.
EUR-JPY	Current rise seems to be over near 135.2800 or 136.2067 for a retracement towards 134.3533 - 133.6650 area.
EUR-CHF	Our preferred outlook is for a drift down to 1.5088 or below 1.5075. Resistances are at 1.5101 and 1.5104. A rise above 1.5117 would delay but not abort this expected fall.
EUR-GBP	It should test 0.9027 area after which a sell off down to 0.8937 or extended to 0.8896 area is expected.
EUR-CAD	It should test 1.5918 area after which a sell off down to 1.5683 or extended to 1.5569 area is expected.
EUR-NZD	It may attempt a test higher to 2.0556 - 2.0630 after which weakness may set it to a drift down to 2.0375 limit.
EUR-AUD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6429 or under 1.6240 limits.
GBP-CHF	There are initial signs of a good corrective recovery towards 1.6882 or even 1.6906. Supports at 1.6814 and 1.6771 zone.
GBP-JPY	Current upmove should be ended around 150.7450 - 151.7200. Any correction consolidation should find support in 149.0000 - 148.2300 zone.
GBP-CAD	If market stays below 1.7631 a fall to 1.7498 is expected. If market breaks the point 1.7678 it could reach the sky.
GBP-AUD	It looks more likely that it would rise to 1.8294 - 1.8396 from 1.8164 or 1.8113. After which a downside move is expected.
CAD-JPY	While below 85.6900 - 86.1333 it is more likely to fall further towards 84.8600 or 84.4733. Premature rise above 86.1333 could see it rising above 86.9067 zone.
NZD-JPY	Strength can extend to 66.0650 or even 66.5400 as declines are expected to find support at 65.5900 or 65.1650. Stop Loss below 64.7400 zone.
AUD-JPY	Currently uptrend should end around 82.8750 - 83.5533 area. A correction down to 81.7100 - 81.2233 is expected. A rise above 84.5267 will abort the expected correction.
XAG-USD	One move lower to 17.1600 or 16.8600 is anticipated while below 17.5400 - 17.6900 area. Stop loss above 17.9200 zone.
XAU-USD	One move lower to 1082.1998 or 1072.2999 is anticipated while below 1094.9999 - 1099.9498 area. Stop loss above 1107.7999 zone.

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

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