Daily Market Comments - Tuesday 22 December 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.4272 - 1.4238 while 1.4306 - 1.4325 resist. After this fall a recovery up to 1.4325 or 1.4344 is expected.
USD-CHF	Difficult to predict the next move. If first down it should hold 1.0427 or 1.0409. If first up it should face resistance in 1.0472 - 1.0498 zone to 1.0409 zone.
GBP-USD	Market should not go lower than 1.6033 - 1.5989. After this move down it should go up to 1.6100 - 1.6124 area.
USD-JPY	Currently uptrend should end around 91.6728 - 91.5323 area. A correction down to below 90.5403 is expected. A rise above 91.8807 will abort the expected correction.
USD-CAD	It should test 1.0632 area after which a sell off down to 1.0540 or extended to 1.0378 area is expected.
NZD-USD	Market should not go lower than 0.7049 - 0.7026. After this move down it should go up to 0.7086 - 0.7100 area.
AUD-USD	Market should not go lower than 0.8810 - 0.8778. After this move down it should go up to 0.8861 - 0.8879 area.
EUR-JPY	Currently uptrend should end around 130.6511 - 130.6317 area. A correction down to below 129.4557 is expected. A rise above 131.0963 will abort the expected correction.
EUR-CHF	Market should hold major support at 1.4855 before rising towards 1.4974 or even 1.5012 limit.
EUR-GBP	Current upmove should be ended around 0.8915 - 0.8933. Any correction consolidation should find support in 0.8882 - 0.8866 zone.
EUR-CAD	It looks set to visit further lower territory down to around 1.5143 - 1.5085. Its corrective attempts should fail ahead of 1.5143 - 1.5281. Stop loss above 1.5397 zone.
EUR-NZD	Currently uptrend should end around 2.0264 - 2.0309 area. A correction down to 2.0183 - 2.0148 is expected. A rise above 2.0379 will abort the expected correction.
EUR-AUD	It should find support in 1.6137 - 1.6103 area for a rally to 1.6330. Unexpected fall below 1.6012 will dent this bullish view.
GBP-CHF	One more dip to 1.6752 - 1.6705 is likely followed by a grind higher to 1.6835 - 1.6872. After which it can resume its downtrend.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 146.6044 or 146.6440 if support around 146.0630 hold. After which a pullback to 146.0630 - 145.8485 zone is possible.
GBP-CAD	One more dip to 1.6999 - 1.6915 is likely followed by a grind higher to 1.7144 - 1.7204. After which it can resume its downtrend.
GBP-AUD	While below 1.8195 it might drop to 1.8112 or below 1.8031 zone.
CAD-JPY	Currently uptrend should end around 86.7311 - 86.4580 area. A correction down to below 84.8580 is expected. A rise above 87.0820 will abort the expected correction.
NZD-JPY	Current rise should end around 64.5520. Objectives of this downmove are 64.0000 or 63.7000. A rise above 64.8040 is again bullish.
AUD-JPY	It should trade higher to 80.5095 or 80.7643 in extension while offers support. Stop loss below 79.3477 zone.
XAG-USD	While below 17.2620 - 17.3613 it might drop to 16.8313 or 16.6327.
XAU-USD	There is bearish potential for a fall to 1091.8145 - 1082.4943 while 1101.1346 - 1106.5635 resist. After this fall a recovery up to 1106.5635 or 1111.9923 is expected.

Trading Desk, RTFX Ltd
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