Daily Market Comments - Wednesday 09 December 2009

[RTFX-Trading]

EUR-USD	It looks set for gains to 1.4870. Supports at 1.4806 and 1.4785. A break of 1.4741 will damage this bullish structure.
USD-CHF	It is a triangle configuration . Market should break either side. Acceleration should occur above 1.0221 or under 1.0165 limits.
GBP-USD	It might hold above 1.6339 or 1.6293 for a rise towards above 1.6443. Stop loss below 1.6235 zone.
USD-JPY	It may meet resistance in 88.9330 - 89.0743 zone for a drift down to 88.6257 zone, after which bounce to 89.3817 is anticipated.
USD-CAD	No comment!
NZD-USD	It should be subject to more sell off towards 0.7127 or 0.7112. Corrective upward swings should face resistance around 0.7169 area. A break of 0.7209 is bullish.
AUD-USD	If market stays below 0.9145 a fall to 0.9084 is expected. If market breaks the point 0.9165 it could reach the sky.
EUR-JPY	It may meet resistance in 131.9060 - 132.0537 zone for a drift down to 131.3773 zone, after which bounce to 132.5823 is anticipated.
EUR-CHF	Our preferred outlook is for a drift down to 1.5104 or below 1.5097. Resistances are at 1.5112 and 1.5113. A rise above 1.5120 would delay but not abort this expected fall.
EUR-GBP	Current rise seems to be over near 0.9073 or 0.9094 for a retracement towards 0.9051 - 0.9040 area.
EUR-CAD	Upside potential exists for a rise to above 1.5619. Supports are at 1.5594 and 1.5582 zone.
EUR-NZD	It is a triangle configuration. Market should break either side. Acceleration should occur above 2.0822 or under 2.0707 limits.
EUR-AUD	It should trade lower to 1.6217. Resistances are at 1.6295 and 1.6327. A break of 1.6374 is bullish, confirmed by a close above 1.6313.
GBP-CHF	Market should not go lower than 1.6657 - 1.6617. After this move down it should go up to 1.6721 - 1.6743 area.
GBP-JPY	It may meet resistance in 145.4640 - 145.9730 zone for a drift down to 144.7040 zone, after which bounce to 146.7330 is anticipated.
GBP-CAD	It may meet resistance in 1.7193 - 1.7226 zone for a drift down to 1.7144 zone, after which bounce to 1.7275 is anticipated.
GBP-AUD	Market should not go lower than 1.7917 - 1.7881. After this move down it should go up to 1.7978 - 1.8002 area.
CAD-JPY	Current fall is near an end of wave around 84.1570 zone, a rally should then procede to above 85.0820. Fall below 83.7260 would cancel this scenario.
NZD-JPY	It may meet resistance in 63.5150 - 63.5817 zone for a drift down to 63.1413 zone, after which bounce to 63.9553 is anticipated.
AUD-JPY	It may meet resistance in 81.1100 - 81.2540 zone for a drift down to 80.6730 zone, after which bounce to 81.6910 is anticipated.
XAG-USD	One more dip to 18.1535 - 18.0847 is likely followed by a grind higher to 18.2890 - 18.3557. After which it can resume its downtrend.
XAU-USD	While below 1159.8521 or 1161.3514 it could fall towards below 1153.6008 or 1147.3494. After which a corrective/consolidation activity is expected to 1164.4772 zone.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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