Daily Market Comments - Friday 18 December 2009

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.4241. After this move down it should go up to 1.4481 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0523 or 1.0528 if support around 1.0455 hold. After which a pullback to 1.0455 - 1.0429 zone is possible.
GBP-USD	Market should pop up towards 1.6247 or 1.6303 this bullish scenario would be damaged if 1.6117 - 1.6042 zone is broken, a severe break down could then occur.
USD-JPY	While below 89.9660 or 89.9667 it could fall towards below 89.5643 or 89.1627. After which a corrective/consolidation activity is expected to 90.1675 zone.
USD-CAD	Current upmove should be ended around 1.0729 - 1.0768. Any correction consolidation should find support in 1.0661 - 1.0632 zone.
NZD-USD	Market should not go lower than 0.7046. After this move down it should go up to 0.7180 area.
AUD-USD	Market should not go lower than 0.8768. After this move down it should go up to 0.8970 area.
EUR-JPY	Market should not go lower than 128.9100 - 128.3193. After this move down it should go up to 129.8370 - 130.1733 area.
EUR-CHF	It looks set to visit further lower territory down to around 1.5014 - 1.4987. Its corrective attempts should fail ahead of 1.5014 - 1.5075. Stop loss above 1.5130 zone.
EUR-GBP	One more dip to 0.8864 - 0.8845 is likely followed by a grind higher to 0.8898 - 0.8913. After which it can resume its downtrend.
EUR-CAD	One more dip to 1.5341 - 1.5311 is likely followed by a grind higher to 1.5395 - 1.5418. After which it can resume its downtrend.
EUR-NZD	It looks more likely that it would rise to 2.0269 - 2.0350 from 2.0155 or 2.0114. After which a downside move is expected.
EUR-AUD	While below 1.6195 - 1.6227 it is more likely to fall further towards 1.6135 or 1.6107. Premature rise above 1.6227 could see it rising above 1.6283 zone.
GBP-CHF	It looks more likely that it would rise to 1.7011 - 1.7099 from 1.6893 or 1.6849. After which a downside move is expected.
GBP-JPY	No comment!
GBP-CAD	It should try higher up to 1.7346 - 1.7391. Entry point 1.7301 or 1.7256. After this rise, a correction is expected.
GBP-AUD	One move lower to 1.8109 or 1.7999 is anticipated while below 1.8261 - 1.8315 area. Stop loss above 1.8412 zone.
CAD-JPY	Market should not go lower than 83.8405 - 83.5350. After this move down it should go up to 84.3755 - 84.6050 area.
NZD-JPY	Market should not go lower than 63.7805 - 63.4517. After this move down it should go up to 64.3325 - 64.5557 area.
AUD-JPY	Market should not go lower than 79.1563. After this move down it should go up to 80.6273 area.
XAG-USD	There is bearish potential for a fall to 16.8903 while 17.3377 - 17.4645 resist. After this fall a recovery up to 17.4645 or 17.5913 is expected.
XAU-USD	Market should not go lower than 1096.8967 - 1081.8867. After this move down it should go up to 1120.3618 - 1128.8168 area.

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.