Weekly Market Comments - Monday 09 November 2009

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.4882 - 1.4967 after which weakness may set it to a drift down to below 1.4676 limit.
USD-CHF	It looks more likely that it would rise to 1.0298 from 1.0150 or 1.0087. After which a downside move is expected.
GBP-USD	It should trade higher to 1.6743 while 1.6502 or 1.6435 offers support. Stop loss below 1.6369 zone.
USD-JPY	It is likely to fall towards 89.5750 - 88.9967 as its corrective rally could falter in 90.6350 - 91.1167 area. Stop above 92.2733 zone.
USD-CAD	Current upmove should be ended around 1.0811 - 1.0883. Any correction consolidation should find support in 1.0674 - 1.0608 zone.
NZD-USD	It should test 0.7340 area after which a sell off down to 0.7114 or extended to 0.6984 area is expected.
AUD-USD	It may attempt a test higher to 0.9187 - 0.9281 after which weakness may set it to a drift down to below 0.8989 limit.
EUR-JPY	It should test 133.9200 area after which a sell off down to 131.1233 or extended to 128.6967 area is expected.
EUR-CHF	One more dip to 1.5094 - 1.5083 is likely followed by a grind higher to 1.5115 - 1.5126. After which it can resume his downtrend.
EUR-GBP	Support at 0.8929 or 0.8885 should hold the downside for a correction to above 0.9026 zone.
EUR-CAD	Corrective dips should ideally halt near 1.5802 or 1.5735 for one more thrust upwards towards 1.5983 - 1.6096 area or 1.6230 in extention. Fall below 1.5508 puts it back on a downward path.
EUR-NZD	A corrective rise should ideally test 2.0718 or even higher than 2.0943. Supports are at 2.0391. Stop loss below 2.0111 zone.
EUR-AUD	Current move should be supported in 1.6174 - 1.6067 zone for a rise to 1.6393. A break below 1.5956 opens the way down.
GBP-CHF	Currently uptrend should end around 1.7005 - 1.7004 area. A correction down to below 1.6728 is expected. A rise above 1.7111 will abort the expected correction.
GBP-JPY	It should be subject to more sell off towards 146.3700 or 143.3300. Corrective upward swings should face resistance around 151.1200 area. A break of 154.3500 is bullish.
GBP-CAD	Currently uptrend should end around 1.7999 - 1.8006 area. A correction down to below 1.7599 is expected. A rise above 1.8155 will abort the expected correction.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.8233 or even 1.8307. Supports at 1.8053 and 1.7948 zone.
CAD-JPY	It is likely to fall towards 81.8267 - 79.9833 unless a corrective rally breaks the 84.8450 resistance. Stop above 85.7667 zone.
NZD-JPY	It should test 65.8600 area after which a sell off down to 63.4400 or extended to 61.7100 area is expected.
AUD-JPY	It should test 85.0500 area after which a sell off down to 80.2900 or extended to 78.0200 area is expected.
XAG-USD	If market stays below 17.4950 a fall to 16.5333 is expected. If market breaks the point 17.9133 it could reach the sky.
XAU-USD	Current rise seems to be over near 1098.5000 or 1117.4167 for a retracement towards 1079.5834 - 1068.7500 area.

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