Daily Market Comments - Tuesday 17 November 2009

[RTFX-Trading]

EUR-USD	Current upmove should be ended around 1.4993 - 1.5031. Any correction consolidation should find support in 1.4925 - 1.4895 zone.
USD-CHF	One more dip to 1.0062 is likely followed by a grind higher to 1.0130. After which it can resume its downtrend.
GBP-USD	Strength can extend to 1.6849 or 1.6908 as declines are expected to find support at 1.6789 or 1.6745. A fall below 1.6701 could turn it bearish.
USD-JPY	It may meet resistance in 89.0600 - 89.1700 zone for a drift down to 88.6400 zone, after which bounce to 89.5900 is anticipated.
USD-CAD	One more dip to 1.0451 is likely followed by a grind higher to 1.0534. After which it can resume its downtrend.
NZD-USD	While below 0.7503 - 0.7539 it is more likely to fall further towards 0.7440 or 0.7412. Premature rise above 0.7539 could see it rising above 0.7595 zone.
AUD-USD	One move lower to 0.9322 or 0.9275 is anticipated while below 0.9387 - 0.9411 area. Stop loss above 0.9453 zone.
EUR-JPY	No comment!
EUR-CHF	It looks set to visit further lower territory down to around 1.5076. Its corrective attempts should fail ahead of 1.5098. Stop loss above 1.5112 zone.
EUR-GBP	No comment!
EUR-CAD	Corrective dips should ideally halt near 1.5646 or 1.5617 for one more thrust upwards towards 1.5708 - 1.5741 area or 1.5799 in extention. Fall below 1.5551 puts it back on a downward path.
EUR-NZD	Market should not go lower than 1.9979 - 1.9902. After this move down it should go up to 2.0107 - 2.0158 area.
EUR-AUD	No comment!
GBP-CHF	Currently uptrend should end around 1.6981 - 1.7037 area. A correction down to below 1.6834 is expected. A rise above 1.7128 will abort the expected correction.
GBP-JPY	Currently uptrend should end around 150.0800 - 150.3967 area. A correction down to below 149.1467 is expected. A rise above 151.0133 will abort the expected correction.
GBP-CAD	Currently uptrend should end around 1.7638 - 1.7700 area. A correction down to below 1.7492 is expected. A rise above 1.7784 will abort the expected correction.
GBP-AUD	It should find support in 1.7907 - 1.7872 area for a rally to 1.8090. Unexpected fall below 1.7794 will dent this bullish view.
CAD-JPY	No comment!
NZD-JPY	It should trade higher to 66.9567 while 66.5433 or 66.3850 offers support. Stop loss below 66.2267 zone.
AUD-JPY	No comment!
XAG-USD	Current rise seems to be over near 18.4100 or 18.7367 for a retracement towards 18.0833 - 17.9050 area.
XAU-USD	One move lower to 1124.0765 or 1108.9633 is anticipated while below 1141.4199 - 1148.9766 area. Stop loss above 1158.7633 zone.

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.