Daily Market Comments - Tuesday 24 November 2009

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.4980 - 1.5027 area. A correction down to 1.4901 - 1.4868 is expected. A rise above 1.5092 will abort the expected correction.
USD-CHF	No comment!
GBP-USD	It may attempt a test higher to 1.6626 - 1.6678 after which weakness may set it to a drift down to 1.6503 limit.
USD-JPY	It should trade higher to 89.2433 or above 89.5267 in extention. Supports at 88.7650 and 88.6233. Stop loss below 88.2867 zone.
USD-CAD	No comment!
NZD-USD	It should trade higher to 0.7395 while 0.7298 or 0.7263 offers support. Stop loss below 0.7229 zone.
AUD-USD	Currently uptrend should end around 0.9257 - 0.9305 area. A correction down to 0.9175 - 0.9141 is expected. A rise above 0.9373 will abort the expected correction.
EUR-JPY	Currently uptrend should end around 133.3600 - 133.8633 area. A correction down to 132.4750 - 132.0934 is expected. A rise above 134.6267 will abort the expected correction.
EUR-CHF	Our preferred outlook is for a drift down to 1.5101 or below 1.5090. Resistances are at 1.5111 and 1.5115. A rise above 1.5126 would delay but not abort this expected fall.
EUR-GBP	Our preferred outlook is for a drift down to 0.8992 or below 0.8975. Resistances are at 0.9010 and 0.9016. A rise above 0.9033 would delay but not abort this expected fall.
EUR-CAD	Market should not go lower than 1.5789 - 1.5746. After this move down it should go up to 1.5856 - 1.5879 area.
EUR-NZD	It looks more likely that it would rise to 2.0574 - 2.0725 from 2.0385 or 2.0310. After which a downside move is expected.
EUR-AUD	No comment!
GBP-CHF	It should try higher up to 1.6786 - 1.6808. Entry point 1.6765 or 1.6747. After this rise, a correction is expected.
GBP-JPY	Difficult to predict the next move. If first down it should hold 147.0200 or 146.6167. If first up it should face resistance in 147.9750 - 148.5266 zone to 146.6167 zone.
GBP-CAD	It looks set to visit further lower territory down to around 1.7517 - 1.7468. Its corrective attempts should fail ahead of 1.7517 - 1.7626. Stop loss above 1.7724 zone.
GBP-AUD	One more dip to 1.7949 is likely followed by a grind higher to 1.8063. After which it can resume its downtrend.
CAD-JPY	Currently uptrend should end around 84.4150 - 84.9167 area. A correction down to 83.5950 - 83.2767 is expected. A rise above 85.5533 will abort the expected correction.
NZD-JPY	It looks set for gains to 65.7433. Supports at 64.5450 and 64.2333. A break of 63.3467 will damage this bullish structure.
AUD-JPY	It should trade higher to 82.8200 while 81.8900 or 81.5750 offers support. Stop loss below 81.2600 zone.
XAG-USD	Resistances lie around 18.7700 and 18.8567. It should test lower towards 18.4367 zone. A clear break of 18.3900 would be bearish.
XAU-USD	While below 1169.9399 - 1176.2032 it is more likely to fall further towards 1158.5499 or 1153.4232. Premature rise above 1176.2032 could see it rising above 1186.4567 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.