Daily Market Comments - Thursday 17 December 2009

[RTFX-Trading]

EUR-USD	One more dip to 1.4518 - 1.4494 is likely followed by a grind higher to 1.4561 - 1.4579. After which it can resume its downtrend.
USD-CHF	It looks more likely that it would rise to 1.0425 from 1.0365 or 1.0345. After which a downside move is expected.
GBP-USD	Current upmove should be ended around 1.6373 - 1.6420. Any correction consolidation should find support in 1.6283 - 1.6240 zone.
USD-JPY	One move lower to 89.4507 or 89.1213 is anticipated while below 89.8820 - 90.0467 area. Stop loss above 90.3133 zone.
USD-CAD	Current upmove should be over between 1.0628 and 1.0647. A correction down to 1.0504 is anticipated. A break of 1.0680 is bullish.
NZD-USD	It should try higher up to 0.7215 - 0.7235. Entry point 0.7195 or 0.7180. After this rise, a correction is expected.
AUD-USD	It may meet resistance in 0.9008 - 0.9011 zone for a drift down to 0.8952 zone, after which bounce to 0.9066 is anticipated.
EUR-JPY	Current upmove should be ended around 130.6230 - 130.8483. Any correction consolidation should find support in 130.2030 - 130.0083 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.5087 - 1.5069. Its corrective attempts should fail ahead of 1.5114 or 1.5124. Stop loss above 1.5158 zone.
EUR-GBP	Market should not go lower than 0.8862. After this move down it should go up to 0.8943 area.
EUR-CAD	Current fall is near an end of wave around 1.5391 zone, a rally should then procede to above 1.5465. Fall below 1.5359 would cancel this scenario.
EUR-NZD	Resistances lie around 2.0239 and 2.0276. It should test lower towards 2.0095 zone. A clear break of 2.0072 would be bearish.
EUR-AUD	Strength can extend to 1.6179 or even higher than 1.6228 as declines are expected to find support at 1.6082 or 1.6035. A fall below 1.5937 could turn it bearish.
GBP-CHF	While below 1.6990 - 1.7025 it is more likely to fall further towards 1.6924 or 1.6893. Premature rise above 1.7025 could see it rising above 1.7086 zone.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 147.5287 or 147.3077 if support around 146.2873 hold. After which a pullback to 146.2873 - 145.9585 zone is possible.
GBP-CAD	Currently uptrend should end around 1.7361 - 1.7411 area. A correction down to below 1.7237 is expected. A rise above 1.7485 will abort the expected correction.
GBP-AUD	While below 1.8183 - 1.8264 it is more likely to fall further towards 1.8037 or 1.7972. Premature rise above 1.8264 could see it rising above 1.8394 zone.
CAD-JPY	While below 84.7085 - 84.8887 it is more likely to fall further towards 84.3795 or 84.2307. Premature rise above 84.8887 could see it rising above 85.1863 zone.
NZD-JPY	It may attempt a test higher to 64.7455 - 64.9513 after which weakness may set it to a drift down to below 64.2693 limit.
AUD-JPY	It should test 81.0750 area after which a sell off down to 80.2783 or extended to 79.1633 area is expected.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 17.8030 or 17.8893 if support around 17.6057 hold. After which a pullback to 17.6057 - 17.5180 zone is possible.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1141.2229 or 1145.8270 if support around 1133.7020 hold. After which a pullback to 1133.7020 - 1129.7896 zone is possible.

Trading Desk, RTFX Ltd
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