Daily Market Comments - Wednesday 18 November 2009

[RTFX-Trading]

EUR-USD	Market should pop up towards 1.4937 or 1.4981 this bullish scenario would be damaged if 1.4842 - 1.4790 zone is broken, a severe break down could then occur.
USD-CHF	Current rise seems to be over near 1.0185 or 1.0226 for a retracement towards 1.0143 - 1.0110 area.
GBP-USD	There are initial signs of a good corrective recovery towards 1.6843 or even 1.6872. Supports at 1.6784 and 1.6754 zone.
USD-JPY	It may attempt a test higher to 89.3900 - 89.6100 after which weakness may set it to a drift down to 88.8100 limit.
USD-CAD	Resistances lie around 1.0563 and 1.0596. It should test lower towards 1.0443 zone. A clear break of 1.0444 would be bearish.
NZD-USD	One more dip to 0.7431 or 0.7407 is likely followed by a grind higher to above 0.7593.
AUD-USD	It is likely to fall towards 0.9271 - 0.9237 as its corrective rally could falter in 0.9340 - 0.9375 area. Stop above 0.9444 zone.
EUR-JPY	One more dip to 132.6150 - 132.2900 is likely followed by a grind higher to 133.1850 - 133.4300. After which it can resume its downtrend.
EUR-CHF	Current rise seems to be over near 1.5117 or 1.5129 for a retracement towards 1.5105 - 1.5098 area.
EUR-GBP	Current fall is near an end of wave around 0.8819 zone, a rally should then procede to above 0.8893. Fall below 0.8789 would cancel this scenario.
EUR-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5790 or under 1.5617 limits.
EUR-NZD	It might hold above 1.9947 or 1.9911 for a rise towards above 2.0033. Stop loss below 1.9860 zone.
EUR-AUD	Resistances lie around 1.6041 and 1.6065. It should test lower towards 1.5939 zone. A clear break of 1.5895 would be bearish.
GBP-CHF	Currently uptrend should end around 1.7190 - 1.7149 area. A correction down to below 1.6978 is expected. A rise above 1.7217 will abort the expected correction.
GBP-JPY	It should try higher up to 150.1500 - 150.4100. Entry point 149.8900 or 149.7100. After this rise, a correction is expected.
GBP-CAD	Resistances lie around 1.7747 and 1.7795. It should test lower towards 1.7573 zone. A clear break of 1.7572 would be bearish.
GBP-AUD	While below 1.8120 - 1.8177 it is more likely to fall further towards 1.8007 or 1.7951. Premature rise above 1.8177 could see it rising above 1.8289 zone.
CAD-JPY	Market should hold major support at 84.0098 before rising towards 85.3633 or even 85.8067 limit.
NZD-JPY	Difficult to predict the next move. If first down it should hold 66.3400 or 66.1633. If first up it should face resistance in 66.6950 - 66.8733 zone to 66.1633 zone.
AUD-JPY	It should test 83.0900 area after which a sell off down to 82.5133 or extended to 81.4533 area is expected.
XAG-USD	One move lower to 18.1967 or 17.9733 is anticipated while below 18.4250 - 18.5367 area. Stop loss above 18.6533 zone.
XAU-USD	Currently uptrend should end around 1145.0750 - 1146.2333 area. A correction down to below 1132.2832 is expected. A rise above 1151.1167 will abort the expected correction.

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