Daily Market Comments - Wednesday 25 November 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4985 or 1.5009 if support around 1.4948 hold. After which a pullback to 1.4948 - 1.4928 zone is possible.
USD-CHF	Market should not go lower than 1.0081 - 1.0058. After this move down it should go up to 1.0120 - 1.0135 area.
GBP-USD	It should trade higher to 1.6639 while 1.6568 or 1.6543 offers support. Stop loss below 1.6517 zone.
USD-JPY	Market should not go lower than 88.4200 - 88.2033. After this move down it should go up to 88.7800 - 88.9233 area.
USD-CAD	It looks set to visit further lower territory down to around 1.0566 - 1.0541. Its corrective attempts should fail ahead of 1.0566 - 1.0630. Stop loss above 1.0681 zone.
NZD-USD	Bullish reaction to above 0.7322 is anticipated from 0.7258 - 0.7239 zone. Stop loss below 0.7207 zone.
AUD-USD	Market should go down to 0.9189 - 0.9185 area .If this crucial support zone holds it should resume higher to 0.9254 - 0.9317 zone.
EUR-JPY	Bullish reaction to above 133.1800 is anticipated from 132.4600 - 132.2400 zone. Stop loss below 131.8800 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.5098 - 1.5091. Its corrective attempts should fail ahead of 1.5109 or 1.5113. Stop loss above 1.5127 zone.
EUR-GBP	Preferred view is for a fall to 0.9014 - 0.8999 while 0.9040 - 0.9052 area resists. A clear break of 0.9081 would be bullish.
EUR-CAD	It may attempt a test higher to 1.5858 - 1.5880 after which weakness may set it to a drift down to 1.5790 limit.
EUR-NZD	Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0692 or 2.0750 if support around 2.0577 hold. After which a pullback to 2.0577 - 2.0512 zone is possible.
EUR-AUD	Current rise seems to be over near 1.6310 or 1.6357 for a retracement towards 1.6263 - 1.6227 area.
GBP-CHF	No comment!
GBP-JPY	No comment!
GBP-CAD	It should test 1.7565 area after which a sell off down to 1.7485 or extended to 1.7422 area is expected.
GBP-AUD	Current upmove should be ended around 1.8082 - 1.8126. Any correction consolidation should find support in 1.7999 - 1.7960 zone.
CAD-JPY	While above 83.4850 - 83.1933 zone a corrective upmove could test 84.0100 or 84.2433. After which it should resume its downtrend.
NZD-JPY	There is bearish potential for a fall to 63.6867 while 64.4933 - 64.7650 resist. After this fall a recovery up to 64.7650 or 65.0367 is expected.
AUD-JPY	There is bearish potential for a fall to 81.1850 - 80.7800 while 81.5900 - 81.8850 resist. After this fall a recovery up to 81.8850 or 82.1800 is expected.
XAG-USD	It should trade higher to above 18.6833 while 18.4250 - 18.3433 offer support. Stop Loss below 18.1667 zone.
XAU-USD	Currently uptrend should end around 1174.5247 - 1174.5100 area. A correction down to below 1161.0200 is expected. A rise above 1179.7200 will abort the expected correction.

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.