Daily Market Comments - Thursday 03 December 2009

[RTFX-Trading]

EUR-USD	Preferred view is for a fall to 1.5038 - 1.5014 while 1.5077 - 1.5091 area resists. A clear break of 1.5139 would be bullish.
USD-CHF	Market should hold major support at 0.9980 before rising towards 1.0038 or even 1.0056 limit.
GBP-USD	While below 1.6662 - 1.6700 it is more likely to fall further towards 1.6590 or 1.6555. Premature rise above 1.6700 could see it rising above 1.6770 zone.
USD-JPY	Currently uptrend should end around 87.8118 - 87.7180 area. A correction down to below 86.8240 is expected. A rise above 88.0510 will abort the expected correction.
USD-CAD	Market should hold major support at 1.0436 before rising towards 1.0541 or even 1.0570 limit.
NZD-USD	There are initial signs of a good corrective recovery towards 0.7258 or even 0.7276. Supports at 0.7213 and 0.7186 zone.
AUD-USD	A corrective rise should ideally test 0.9285 or even higher than 0.9322. Supports are at 0.9217. Stop loss below 0.9195 zone.
EUR-JPY	One move lower to 130.7483 or 130.0347 is anticipated while below 131.7255 - 132.0823 area. Stop loss above 132.7027 zone.
EUR-CHF	It may attempt a test higher to 1.5079 - 1.5083 after which weakness may set it to a drift down to below 1.5067 limit.
EUR-GBP	It looks set to visit further lower territory down to around 0.9037 - 0.9014. Its corrective attempts should fail ahead of 0.9037 - 0.9093. Stop loss above 0.9139 zone.
EUR-CAD	Market should hold major support at 1.5760 before rising towards 1.5840 or even 1.5868 limit.
EUR-NZD	It should test 2.0940 area after which a sell off down to 2.0719 or extended to 2.0607 area is expected.
EUR-AUD	Current fall is near an end of wave around 1.6225 zone, a rally should then procede to above 1.6316. Fall below 1.6182 would cancel this scenario.
GBP-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6725 or 1.6723 if support around 1.6641 hold. After which a pullback to 1.6641 - 1.6611 zone is possible.
GBP-JPY	One move lower to 144.1707 or 143.0263 is anticipated while below 145.5325 - 146.1047 area. Stop loss above 146.8943 zone.
GBP-CAD	Currently uptrend should end around 1.7494 - 1.7555 area. A correction down to 1.7395 - 1.7357 is expected. A rise above 1.7631 will abort the expected correction.
GBP-AUD	It should trade higher to 1.8052 while 1.7963 or 1.7927 offers support. Stop loss below 1.7891 zone.
CAD-JPY	Should test support at 82.6713 while below 83.1400. If support at 82.6713 holds it can rise up to 83.6743, if not it should fall to below 82.2027 zone.
NZD-JPY	Should fall around 62.7343 while below 63.1000 - 63.4085 zone. Then a recovery up to above 63.4085 is expected.
AUD-JPY	One move lower to 80.2373 or 79.6557 is anticipated while below 80.9845 - 81.2753 area. Stop loss above 81.7317 zone.
XAG-USD	Should test support at 19.0627 while below 19.2390. If support at 19.0627 holds it can rise up to 19.4237, if not it should fall to below 18.8863 zone.
XAU-USD	Currently uptrend should end around 1233.9219 - 1223.5012 area. A correction down to below 1201.6992 is expected. A rise above 1231.3026 will abort the expected correction.

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