Daily Market Comments - Friday 06 November 2009

[RTFX-Trading]

EUR-USD	While below 1.4893 - 1.4921 it is more likely to fall further towards 1.4840 or 1.4815. Premature rise above 1.4921 could see it rising above 1.4972 zone.
USD-CHF	Current fall is near an end of wave around 1.0132 - 1.0103 zone, a rally should then procede to above 1.0192. Fall below 1.0072 would cancel this scenario.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6639 or 1.6656 if support around 1.6562 hold. After which a pullback to 1.6562 - 1.6525 zone is possible.
USD-JPY	It should test 90.7850 area after which a sell off down to 90.1800 or extended to 89.6500 area is expected.
USD-CAD	It should be subject to more sell off towards 1.0628 or 1.0611. Corrective upward swings should face resistance around 1.0665 area. A break of 1.0722 is bullish.
NZD-USD	It should trade higher to above 0.7252 while 0.7186 - 0.7166 offer support. Stop Loss below 0.7120 zone.
AUD-USD	It should try higher up to 0.9112 - 0.9142. Entry point 0.9083 or 0.9063. After this rise, a correction is expected.
EUR-JPY	Currently uptrend should end around 135.0400 - 135.6000 area. A correction down to below 133.7800 is expected. A rise above 136.3000 will abort the expected correction.
EUR-CHF	Currently uptrend should end around 1.5118 - 1.5127 area. A correction down to 1.5102 - 1.5095 is expected. A rise above 1.5141 will abort the expected correction.
EUR-GBP	It looks set for gains to 0.9000. Supports at 0.8949 and 0.8932. A break of 0.8898 will damage this bullish structure.
EUR-CAD	One move lower to 1.5785 or 1.5733 is anticipated while below 1.5852 - 1.5878 area. Stop loss above 1.5919 zone.
EUR-NZD	While below 2.0656 - 2.0701 it is more likely to fall further towards 2.0567 or 2.0523. Premature rise above 2.0701 could see it rising above 2.0788 zone.
EUR-AUD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6414 or under 1.6307 limits.
GBP-CHF	A correction down to 1.6775 or lower is now expected from 1.6885 or 1.6922. A break above 1.6996 is needed to turn bullish.
GBP-JPY	It should try higher up to 150.5350 - 151.1967. Entry point 149.8733 or 149.5050. After this rise, a correction is expected.
GBP-CAD	Current rise seems to be over near 1.7676 or 1.7717 for a retracement towards 1.7636 - 1.7609 area.
GBP-AUD	While below 1.8220 or 1.8234 it could fall towards below 1.8150 or 1.8080. After which a corrective/consolidation activity is expected to 1.8269 zone.
CAD-JPY	It should test 85.3500 area after which a sell off down to 84.4900 or extended to 83.8100 area is expected.
NZD-JPY	It should test 65.6150 area after which a sell off down to 64.7700 or extended to 64.1000 area is expected.
AUD-JPY	It should try higher up to 82.6400 - 83.0467. Entry point 82.2333 or 81.9900. After this rise, a correction is expected.
XAG-USD	It should find support in 17.3150 - 17.2467 area for a rally to 17.6833. Unexpected fall below 17.0833 will dent this bullish view.
XAU-USD	It should find support in 1087.1499 - 1084.6333 area for a rally to 1100.3666. Unexpected fall below 1078.9667 will dent this bullish view.

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

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