Daily Market Comments - Thursday 12 November 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.5039 - 1.5091 from 1.4970 or 1.4944. After which a downside move is expected.
USD-CHF	It looks set for gains to 1.0107. Supports at 1.0057 and 1.0043. A break of 1.0007 will damage this bullish structure.
GBP-USD	Market should not go lower than 1.6555 - 1.6474. After this move down it should go up to 1.6686 - 1.6736 area.
USD-JPY	It should trade higher to 90.1733 or above 90.4567 in extention. Supports at 89.5950 and 89.4533. Stop loss below 89.0167 zone.
USD-CAD	It may meet resistance in 1.0449 - 1.0462 zone for a drift down to 1.0420 zone, after which bounce to 1.0491 is anticipated.
NZD-USD	Market should not go lower than 0.7384 - 0.7366. After this move down it should go up to 0.7413 - 0.7424 area.
AUD-USD	It looks more likely that it would rise to 0.9337 - 0.9376 from 0.9284 or 0.9265. After which a downside move is expected.
EUR-JPY	It should be subject to more sell off towards 133.8567 or 133.0633. Corrective upward swings should face resistance around 134.7900 area. A break of 136.1433 is bullish.
EUR-CHF	It should test 1.5107 area after which a sell off down to 1.5099 or extended to 1.5092 area is expected.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9071 or 0.9080 if support around 0.9012 hold. After which a pullback to 0.9012 - 0.8993 zone is possible.
EUR-CAD	It may meet resistance in 1.5660 - 1.5687 zone for a drift down to 1.5624 zone, after which bounce to 1.5724 is anticipated.
EUR-NZD	Current rise seems to be over near 2.0294 or 2.0339 for a retracement towards 2.0249 - 2.0222 area.
EUR-AUD	Decline should be supported around 1.6061 zone for rally to above 1.6183. A clear break of 1.6029 will damage this expected rally.
GBP-CHF	Market should not go lower than 1.6696 - 1.6632. After this move down it should go up to 1.6797 - 1.6834 area.
GBP-JPY	Market should not go lower than 148.7900 - 147.9967. After this move down it should go up to 150.0800 - 150.5767 area.
GBP-CAD	Market should not go lower than 1.7150. After this move down it should go up to 1.7503 area.
GBP-AUD	Market should not go lower than 1.7812 - 1.7739. After this move down it should go up to 1.7927 - 1.7970 area.
CAD-JPY	It should try higher up to 86.0850 - 86.4300. Entry point 85.7400 or 85.5400. After this rise, a correction is expected.
NZD-JPY	It is likely to fall towards 66.3000 - 66.1067 as its corrective rally could falter in 66.6500 - 66.8067 area. Stop above 67.1933 zone.
AUD-JPY	Corrective dips should ideally halt near 83.2800 or 83.0367 for one more thrust upwards towards 83.7750 - 84.0267 area or 84.5133 in extention. Fall below 82.5333 puts it back on a downward path.
XAG-USD	Currently uptrend should end around 17.6550 - 17.7667 area. A correction down to 17.4600 - 17.3767 is expected. A rise above 17.9333 will abort the expected correction.
XAU-USD	Currently uptrend should end around 1123.4280 - 1122.3732 area. A correction down to below 1108.9231 is expected. A rise above 1127.2966 will abort the expected correction.

Trading Desk, RTFX Ltd
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