Daily Market Comments - Monday 14 December 2009

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.4607 - 1.4551. After this move down it should go up to 1.4702 - 1.4741 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0366 or 1.0395 if support around 1.0315 hold. After which a pullback to 1.0315 - 1.0288 zone is possible.
GBP-USD	There is bearish potential for a fall to 1.6219 - 1.6179 while 1.6259 - 1.6290 resist. After this fall a recovery up to 1.6290 or 1.6321 is expected.
USD-JPY	Strength can extend to 89.4360 or 89.8480 as declines are expected to find support at 89.0240 or 88.6315. A fall below 88.2390 could turn it bearish.
USD-CAD	Currently uptrend should end around 1.0610 - 1.0652 area. A correction down to 1.0542 - 1.0515 is expected. A rise above 1.0706 will abort the expected correction.
NZD-USD	It looks more likely that it would rise to 0.7286 - 0.7325 from 0.7236 or 0.7216. After which a downside move is expected.
AUD-USD	It looks more likely that it would rise to 0.9180 - 0.9239 from 0.9105 or 0.9076. After which a downside move is expected.
EUR-JPY	Resistances lie around 130.9460 and 131.2870. It should test lower towards 129.6000 zone. A clear break of 129.3130 would be bearish.
EUR-CHF	Currently uptrend should end around 1.5131 - 1.5139 area. A correction down to below 1.5114 is expected. A rise above 1.5149 will abort the expected correction.
EUR-GBP	Market should pop up towards 0.9038 or 0.9057 this bullish scenario would be damaged if 0.8994 - 0.8969 zone is broken, a severe break down could then occur.
EUR-CAD	Market should hold major support at 1.5409 before rising towards 1.5556 or even 1.5608 limit.
EUR-NZD	It should register further gains to 2.0300 while 2.0109 - 2.0035 caps downside attempts. Stop loss below 1.9918 zone.
EUR-AUD	Current fall is near an end of wave around 1.5989 zone, a rally should then procede to above 1.6109. Fall below 1.5937 would cancel this scenario.
GBP-CHF	Current rise seems to be over near 1.6817 or 1.6863 for a retracement towards 1.6771 - 1.6738 area.
GBP-JPY	While below 145.1635 - 145.6936 it is more likely to fall further towards 144.1125 or 143.5916. Premature rise above 145.6936 could see it rising above 146.7353 zone.
GBP-CAD	It should trade higher to 1.7295 while 1.7178 or 1.7137 offers support. Stop loss below 1.7096 zone.
GBP-AUD	It may attempt a test higher to 1.7837 - 1.7873 after which weakness may set it to a drift down to 1.7737 limit.
CAD-JPY	Preferred view is for a fall to 83.9455 - 83.5247 while 84.6225 - 84.8787 area resists. A clear break of 85.7203 would be bullish.
NZD-JPY	Should fall around 64.1130 while below 64.5500 - 64.8035 zone. Then a recovery up to above 64.8035 is expected.
AUD-JPY	Should test support at 80.6750 while below 81.2250. If support at 80.6750 holds it can rise up to 81.8700, if not it should fall to below 80.1250 zone.
XAG-USD	It looks set to visit further lower territory down to around 17.0440 - 16.8560. Its corrective attempts should fail ahead of 17.0440 - 17.5560. Stop loss above 17.9320 zone.
XAU-USD	There is bearish potential for a fall to 1102.5360 while 1122.4680 - 1128.9136 resist. After this fall a recovery up to 1128.9136 or 1135.3590 is expected.

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