Daily Market Comments - Tuesday 15 December 2009

[RTFX-Trading]

EUR-USD	It should test 1.4686 area after which a sell off down to 1.4608 or extended to 1.4560 area is expected.
USD-CHF	There are initial signs of a good corrective recovery towards 1.0339 or even 1.0354. Supports at 1.0306 and 1.0287 zone.
GBP-USD	It should be subject to more sell off towards 1.6251 or 1.6226. Corrective upward swings should face resistance around 1.6419 area. A break of 1.6410 is bullish.
USD-JPY	It looks more likely that it would rise to 89.1840 from 88.4750 or 88.1920. After which a downside move is expected.
USD-CAD	There are initial signs of a good corrective recovery towards 1.0625 or even 1.0645. Supports at 1.0578 and 1.0550 zone.
NZD-USD	It should trade higher to 0.7316 or above 0.7354 in extention. Supports at 0.7242 and 0.7223. Stop loss below 0.7168 zone.
AUD-USD	It may attempt a test higher to 0.9171 - 0.9210 after which weakness may set it to a drift down to 0.9089 limit.
EUR-JPY	One more dip to 129.5385 - 129.1707 is likely followed by a grind higher to 130.2695 - 130.6327. After which it can resume his downtrend.
EUR-CHF	Our preferred outlook is for a drift down to 1.5106 or below 1.5092. Resistances are at 1.5120 and 1.5123. A rise above 1.5137 would delay but not abort this expected fall.
EUR-GBP	There is bearish potential for a fall to 0.8982 - 0.8960 while 0.9005 - 0.9017 resist. After this fall a recovery up to 0.9017 or 0.9030 is expected.
EUR-CAD	While below 1.5518 or 1.5526 it could fall towards below 1.5452 or 1.5386. After which a corrective/consolidation activity is expected to 1.5559 zone.
EUR-NZD	Support at 2.0103 or 2.0039 should hold. Then a correction to above 2.0394 is anticipated. A clear break of 1.9940 is again bearish.
EUR-AUD	While below 1.6070 - 1.6103 it might drop to 1.5922 or 1.5856.
GBP-CHF	It should try higher up to 1.6831 - 1.6875. Entry point 1.6788 or 1.6763. After this rise, a correction is expected.
GBP-JPY	It should trade higher to 145.3847 or 146.2093 in extension while 144.2673 offers support. Stop loss below 143.8550 zone .
GBP-CAD	Current upmove should be ended around 1.7294 - 1.7340. Any correction consolidation should find support in 1.7213 - 1.7178 zone.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.7859 or even 1.7887. Supports at 1.7783 and 1.7736 zone.
CAD-JPY	It should test 84.0485 area after which a sell off down to 82.9930 or extended to 82.2860 area is expected.
NZD-JPY	It should trade higher to above 64.9000 while 64.1250 - 63.9250 offer support. Stop Loss below 63.3500 zone.
AUD-JPY	It may attempt a test higher to 81.3220 - 81.7437 after which weakness may set it to a drift down to below 80.3987 limit.
XAG-USD	It may attempt a test higher to 17.3955 - 17.5023 after which weakness may set it to a drift down to below 17.1783 limit.
XAU-USD	It may attempt a test higher to 1127.2783 - 1132.7039 after which weakness may set it to a drift down to below 1115.8058 limit.

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.