Daily Market Comments - Thursday 10 December 2009

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.4754 - 1.4782 after which weakness may set it to a drift down to 1.4669 limit.
USD-CHF	Current upmove should continue to 1.0306 or 1.0344. Any correction should find support in 1.0263 - 1.0244 zone. A break above 1.0298 could accelerate the move up.
GBP-USD	One more dip to 1.6215 - 1.6161 is likely followed by a grind higher to 1.6318 - 1.6368. After which it can resume its downtrend.
USD-JPY	Current fall is near an end of wave around 87.2583 zone, a rally should then procede to above 88.5893. Fall below 86.6467 would cancel this scenario.
USD-CAD	While above 1.0531 - 1.0488 zone a corrective upmove could test 1.0604 or 1.0633. After which it should resume its downtrend.
NZD-USD	It should trade higher to 0.7250 while 0.7147 or 0.7117 offers support. Stop loss below 0.7086 zone.
AUD-USD	It may attempt a test higher to 0.9100 - 0.9128 after which weakness may set it to a drift down to below 0.9030 limit.
EUR-JPY	It may meet resistance in 129.3980 - 129.5520 zone for a drift down to 128.6350 zone, after which bounce to 130.3150 is anticipated.
EUR-CHF	It should trade higher to 1.5130 or above 1.5138 in extention. Supports at 1.5109 and 1.5104. Stop loss below 1.5087 zone.
EUR-GBP	Strength can extend to 0.9100 as declines are expected to find support at 0.9030. A fall below 0.9008 could turn it bearish.
EUR-CAD	There is bearish potential for a fall to 1.5514 - 1.5456 while 1.5572 - 1.5610 resist. After this fall a recovery up to 1.5610 or 1.5647 is expected.
EUR-NZD	Market should not go lower than 2.0462 - 2.0337. After this move down it should go up to 2.0661 - 2.0735 area.
EUR-AUD	There is bearish potential for a fall to 1.6199 - 1.6169 while 1.6229 - 1.6248 resist. After this fall a recovery up to 1.6248 or 1.6267 is expected.
GBP-CHF	It should trade higher to 1.6783 or above 1.6868 in extention. Supports at 1.6656 and 1.6613. Stop loss below 1.6528 zone.
GBP-JPY	It may meet resistance in 142.8870 - 143.0903 zone for a drift down to 141.8236 zone, after which bounce to 144.1536 is anticipated.
GBP-CAD	Market should not go lower than 1.7126 - 1.7049. After this move down it should go up to 1.7253 - 1.7303 area.
GBP-AUD	One more dip to 1.7868 - 1.7816 is likely followed by a grind higher to 1.7960 - 1.8000. After which it can resume its downtrend.
CAD-JPY	It should try higher up to 83.4120 - 83.7787. Entry point 83.0453 or 82.8170. After this rise, a correction is expected.
NZD-JPY	It should test 64.1230 area after which a sell off down to 62.3543 or extended to 61.5467 area is expected.
AUD-JPY	It should try higher up to 80.0715 - 80.3503. Entry point 79.7927 or 79.5380. After this rise, a correction is expected.
XAG-USD	Current fall is near an end of wave around 17.0420 zone, a rally should then procede to above 17.8060. Fall below 16.7010 would cancel this scenario.
XAU-USD	Market should not go lower than 1122.5520 - 1114.3359. After this move down it should go up to 1145.0839 - 1161.5159 area.

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

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