Daily Market Comments - Friday 04 December 2009

[RTFX-Trading]

EUR-USD	Preferred view is for a fall to 1.5048 - 1.5017 while 1.5097 - 1.5116 area resists. A clear break of 1.5178 would be bullish.
USD-CHF	It should trade higher to 1.0035 or above 1.0058 in extention. Supports at 0.9987 and 0.9975. Stop loss below 0.9939 zone.
GBP-USD	It looks more likely that it would rise to 1.6663 - 1.6788 from 1.6535 or 1.6473. After which a downside move is expected.
USD-JPY	One move lower to 87.5963 or 86.9277 is anticipated while below 88.3710 - 88.7053 area. Stop loss above 89.1457 zone.
USD-CAD	Current rise seems to be over near 1.0578 or 1.0617 for a retracement towards 1.0540 - 1.0518 area.
NZD-USD	It looks more likely that it would rise to 0.7275 - 0.7333 from 0.7214 or 0.7185. After which a downside move is expected.
AUD-USD	Preferred view is for a fall to 0.9236 - 0.9207 while 0.9281 - 0.9297 area resists. A clear break of 0.9355 would be bullish.
EUR-JPY	While below 133.2120 - 133.8027 it is more likely to fall further towards 132.1550 or 131.6887. Premature rise above 133.8027 could see it rising above 134.7353 zone.
EUR-CHF	Decline should be supported around 1.5051 zone for rally to above 1.5100. A clear break of 1.5037 will damage this expected rally.
EUR-GBP	Currently uptrend should end around 0.9109 - 0.9132 area. A correction down to 0.9071 - 0.9056 is expected. A rise above 0.9162 will abort the expected correction.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6001 or 1.5977 if support around 1.5891 hold. After which a pullback to 1.5891 - 1.5861 zone is possible.
EUR-NZD	It should trade higher to 2.0948 while 2.0829 or 2.0785 offers support. Stop loss below 2.0740 zone.
EUR-AUD	It should trade higher to 1.6333 or above 1.6372 in extention. Supports at 1.6252 and 1.6232. Stop loss below 1.6172 zone.
GBP-CHF	No comment!
GBP-JPY	Should fall around 145.2317 while below 145.9850 - 146.4300 zone. Then a recovery up to above 146.4300 is expected.
GBP-CAD	Resistances lie around 1.7525 and 1.7557. It should test lower towards 1.7425 zone. A clear break of 1.7479 would be bearish.
GBP-AUD	One more dip to 1.7868 - 1.7829 is likely followed by a grind higher to 1.7945 - 1.7981. After which it can resume his downtrend.
CAD-JPY	Preferred view is for a fall to 83.2945 - 83.0353 while 83.7710 - 83.9883 area resists. A clear break of 84.5067 would be bullish.
NZD-JPY	While below 63.8985 - 64.1650 it is more likely to fall further towards 63.3995 or 63.1670. Premature rise above 64.1650 could see it rising above 64.6300 zone.
AUD-JPY	One move lower to 80.2217 or 79.6283 is anticipated while below 81.8090 - 82.1403 area. Stop loss above 82.7337 zone.
XAG-USD	There is bearish potential for a fall to 18.6017 while 19.0353 - 19.1495 resist. After this fall a recovery up to 19.1495 or 19.2637 is expected.
XAU-USD	Preferred view is for a fall to 1206.0760 - 1199.2507 while 1217.1011 - 1221.3008 area resists. A clear break of 1234.9514 would be bullish.

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.