Daily Market Comments - Tuesday 09 February 2010

[RTFX-Trading]

EUR-USD	Market should pop up towards 1.3681 or 1.3701 this bullish scenario would be damaged if 1.3626 - 1.3611 zone is broken, a severe break down could then occur.
USD-CHF	While below 1.0777 it is more likely to fall further towards 1.0730 or 1.0709 level.
GBP-USD	It may meet resistance in 1.5585 - 1.5594 zone for a drift down to 1.5527 zone, after which bounce to 1.5652 is anticipated.
USD-JPY	Any possible decline should be supported around 89.0863 - 88.9057 zone for rally to above 89.7457. A clear break of 88.6663 will damage this expected rally.
USD-CAD	Difficult to predict the next move. If first down it should hold 1.0708 or 1.0691. If first up it should face resistance in 1.0758 - 1.0792 zone to 1.0691 zone.
NZD-USD	While below 0.6876 - 0.6892 it might drop to 0.6797 or 0.6764.
AUD-USD	No comment!
EUR-JPY	Current move should be supported in 121.7015 - 121.3403 zone for a rise to 122.5603. A break below 120.8427 opens the way down.
EUR-CHF	Decline should be supported around 1.4586 zone for rally to above 1.4679. A clear break of 1.4586 will damage this expected rally.
EUR-GBP	Resistances lie around 0.8778 and 0.8793. It should test lower towards 0.8728 zone. A clear break of 0.8740 would be bearish.
EUR-CAD	It should test 1.4781 area after which a sell off down to 1.4612 or extended to 1.4543 area is expected.
EUR-NZD	Corrective dips should ideally halt near 1.9893 or 1.9855 for one more thrust upwards towards 1.9995 - 2.0059 area or 2.0135 in extention. Fall below 1.9728 puts it back on a downward path.
EUR-AUD	It should test 1.5829 area after which a sell off down to 1.5734 or extended to 1.5683 area is expected.
GBP-CHF	One more dip to 1.6706 - 1.6671 is likely followed by a grind higher to 1.6770 - 1.6799. After which it can resume his downtrend.
GBP-JPY	One more dip to 138.8815 - 138.5277 is likely followed by a grind higher to 139.5315 - 139.8277. After which it can resume its downtrend.
GBP-CAD	It should try higher up to 1.6769 - 1.6818. Entry point 1.6721 or 1.6694. After this rise, a correction is expected.
GBP-AUD	It should try higher up to 1.8039 - 1.8081. Entry point 1.7998 or 1.7970. After this rise, a correction is expected.
CAD-JPY	It is a triangle configuration. Market should break either side. Acceleration should occur above 84.0230 or under 82.9420 limits.
NZD-JPY	While below 61.4645 - 61.6450 it might drop to 60.6040 or 60.2430.
AUD-JPY	There are initial signs of a good corrective recovery to at least 77.5605 or even above 77.7067. Supports at 76.8837 zone.
XAG-USD	It might hold above 14.9760 or around 14.9500 for a rise towards above 15.2227. Stop loss below 14.8657 zone.
XAU-USD	It looks more likely that it would rise to 1070.5916 - 1078.2832 from 1062.4125 or 1058.5667. After which a downside move is expected.

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

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