Daily Market Comments - Monday 09 November 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.4801 while 1.4858 - 1.4880 resist. After this fall a recovery up to 1.4880 or 1.4902 is expected.
USD-CHF	It should trade higher to 1.0208 while 1.0167 or 1.0150 offers support. Stop loss below 1.0133 zone.
GBP-USD	It should trade lower to 1.6539. Resistances are at 1.6657 and 1.6706. A break of 1.6775 is bullish, confirmed by a close above 1.6673.
USD-JPY	It looks set to visit further lower territory down to around 89.7900 - 89.4367. Its corrective attempts should fail ahead of 89.7900 - 90.6667. Stop loss above 91.3733 zone.
USD-CAD	Current rise seems to be over near 1.0766 or 1.0818 for a retracement towards 1.0714 - 1.0681 area.
NZD-USD	Currently uptrend should end around 0.7261 - 0.7283 area. A correction down to 0.7219 - 0.7200 is expected. A rise above 0.7321 will abort the expected correction.
AUD-USD	Currently uptrend should end around 0.9215 - 0.9219 area. A correction down to below 0.9113 is expected. A rise above 0.9262 will abort the expected correction.
EUR-JPY	Market should not go lower than 133.3800 - 132.7934. After this move down it should go up to 134.3450 - 134.7233 area.
EUR-CHF	Decline should be supported around 1.5093 - 1.5083 zone for rally to above 1.5120. A clear break of 1.5083 will damage this expected rally.
EUR-GBP	There is bearish potential for a fall to 0.8935 - 0.8917 while 0.8953 - 0.8964 resist. After this fall a recovery up to 0.8964 or 0.8975 is expected.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6029 or 1.6034 if support around 1.5920 hold. After which a pullback to 1.5920 - 1.5884 zone is possible.
EUR-NZD	There is bearish potential for a fall to 2.0415 while 2.0535 - 2.0574 resist. After this fall a recovery up to 2.0574 or 2.0614 is expected.
EUR-AUD	Market should not go lower than 1.6175 - 1.6115. After this move down it should go up to 1.6266 - 1.6297 area.
GBP-CHF	It should trade lower to 1.6848 or 1.6758 in extension while 1.6904 - 1.6938 offer resistance. A break of 1.6980 will damage this bearish view.
GBP-JPY	It is likely to fall towards 148.9200 - 148.3000 as its corrective rally could falter in 150.0950 - 150.6500 area. Stop above 151.8900 zone.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7963 or 1.7963 if support around 1.7791 hold. After which a pullback to 1.7791 - 1.7738 zone is possible.
GBP-AUD	Market should pop up towards 1.8167 or 1.8212 this bullish scenario would be damaged if 1.8066 - 1.8009 zone is broken, a severe break down could then occur.
CAD-JPY	Market should not go lower than 82.8832. After this move down it should go up to 84.8933 area.
NZD-JPY	No comment!
AUD-JPY	Current move should be supported in 82.3050 - 82.0167 zone for a rise to 83.1367. A break below 81.4733 opens the way down.
XAG-USD	While below 17.4950 - 17.5700 it might drop to 17.2200 or 17.0700.
XAU-USD	It should find support in 1091.2500 - 1087.9167 area for a rally to 1109.0834. Unexpected fall below 1080.0834 will dent this bullish view.

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

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.