Daily Market Comments - Wednesday 02 December 2009

[RTFX-Trading]

EUR-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5134 or 1.5141 if support around 1.5057 hold. After which a pullback to 1.5057 - 1.5026 zone is possible.
USD-CHF	Market should not go lower than 0.9983 - 0.9952. After this move down it should go up to 1.0036 - 1.0057 area.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6636 or 1.6708 if support around 1.6550 hold. After which a pullback to 1.6550 - 1.6501 zone is possible.
USD-JPY	It looks more likely that it would rise to 87.4350 - 88.1750 from 86.4300 or 86.0600. After which a downside move is expected.
USD-CAD	Current fall is near an end of wave around 1.0386 zone, a rally should then procede to above 1.0558. Fall below 1.0311 would cancel this scenario.
NZD-USD	Strength can extend to 0.7276 or 0.7320 as declines are expected to find support at 0.7232 or 0.7201. A fall below 0.7170 could turn it bearish.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9303 or 0.9312 if support around 0.9209 hold. After which a pullback to 0.9209 - 0.9178 zone is possible.
EUR-JPY	Currently uptrend should end around 131.3541 - 131.5717 area. A correction down to below 129.6227 is expected. A rise above 132.4003 will abort the expected correction.
EUR-CHF	Decline should be supported around 1.5063 - 1.5053 zone for rally to above 1.5090. A clear break of 1.5053 will damage this expected rally.
EUR-GBP	It looks more likely that it would rise to 0.9133 - 0.9185 from 0.9074 or 0.9048. After which a downside move is expected.
EUR-CAD	Current fall is near an end of wave around 1.5712 zone, a rally should then procede to above 1.5855. Fall below 1.5647 would cancel this scenario.
EUR-NZD	One more dip to 2.0730 - 2.0637 is likely followed by a grind higher to 2.0894 - 2.0965. After which it can resume its downtrend.
EUR-AUD	Market should not go lower than 1.6293 - 1.6239. After this move down it should go up to 1.6380 - 1.6413 area.
GBP-CHF	It should trade higher to 1.6661 while 1.6569 or 1.6540 offers support. Stop loss below 1.6511 zone.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 144.2960 or 145.0670 if support around 143.3580 hold. After which a pullback to 143.3580 - 142.8170 zone is possible.
GBP-CAD	It should test 1.7474 area after which a sell off down to 1.7287 or extended to 1.7196 area is expected.
GBP-AUD	One more dip to 1.7921 - 1.7881 is likely followed by a grind higher to 1.8035.
CAD-JPY	Current upmove should be ended around 83.0910 - 83.5817. Any correction consolidation should find support in 82.2355 - 81.8707 zone.
NZD-JPY	Current rise should end around 63.5740. Objectives of this downmove are 61.9980 or 61.0810. A rise above 64.2330 is again bullish.
AUD-JPY	Currently uptrend should end around 80.8533 - 80.6933 area. A correction down to below 79.2883 is expected. A rise above 81.2217 will abort the expected correction.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 19.4993 or 19.4520 if support around 18.9220 hold. After which a pullback to 18.9220 - 18.7495 zone is possible.
XAU-USD	Currently uptrend should end around 1204.9573 - 1206.9922 area. A correction down to below 1180.9421 is expected. A rise above 1217.3846 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.