Daily Market Comments - Thursday 24 December 2009

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.4352 or 1.4391 for a retracement towards 1.4313 - 1.4286 area.
USD-CHF	Market should not go lower than 1.0374 - 1.0333. After this move down it should go up to 1.0444 - 1.0472 area.
GBP-USD	Current fall is near an end of wave around 1.5923 zone, a rally should then procede to above 1.5992. Fall below 1.5889 would cancel this scenario.
USD-JPY	A correction down to 91.3440 or lower is now expected from 91.7485 or 91.8910. A break above 92.1530 is needed to turn bullish.
USD-CAD	It looks set to visit further lower territory down to around 1.0479 - 1.0446. Its corrective attempts should fail ahead of 1.0479 - 1.0554. Stop loss above 1.0620 zone.
NZD-USD	Corrective dips should ideally halt near 0.7009 or 0.6991 for one more thrust upwards towards 0.7055 - 0.7083 area or 0.7120 in extention. Fall below 0.6936 puts it back on a downward path.
AUD-USD	It should be subject to more sell off towards 0.8767 or 0.8751. Corrective upward swings should face resistance around 0.8845 area. A break of 0.8867 is bullish.
EUR-JPY	Currently uptrend should end around 131.8001 - 131.7197 area. A correction down to below 130.7857 is expected. A rise above 132.0653 will abort the expected correction.
EUR-CHF	Market should pop up towards 1.4927 or 1.4944 this bullish scenario would be damaged if 1.4885 - 1.4860 zone is broken, a severe break down could then occur.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9022 or 0.9018 if support around 0.8966 hold. After which a pullback to 0.8966 - 0.8950 zone is possible.
EUR-CAD	It should try higher up to 1.5057 - 1.5084. Entry point 1.5030 or 1.5005. After this rise, a correction is expected.
EUR-NZD	There are initial signs of a good corrective recovery towards 2.0388 or even 2.0415. Supports at 2.0328 and 2.0295 zone.
EUR-AUD	If market stays below 1.6306 a fall to around 1.6219 is expected. If market breaks the point 1.6325 it could reach the sky.
GBP-CHF	Market should not go lower than 1.6471. After this move down it should go up to 1.6711 area.
GBP-JPY	It is likely to fall towards 145.7467 - 145.2874 unless a corrective rally breaks the 146.4700 resistance. Stop above 146.6997 zone.
GBP-CAD	It may meet resistance in 1.6734 - 1.6775 zone for a drift down to 1.6664 zone, after which bounce to 1.6845 is anticipated.
GBP-AUD	No comment!
CAD-JPY	One move lower to 86.8487 or 86.3203 is anticipated while below 87.4425 - 87.7067 area. Stop loss above 88.0363 zone.
NZD-JPY	It should trade higher to 64.7723 while 64.4067 or 64.2975 offers support. Stop loss below 64.1883 zone.
AUD-JPY	Uptrend is still intact. It should continue to rally to 81.0647 or 81.3873 if supports at 80.5247 - 80.4160 area hold. Stop loss below 80.3073.
XAG-USD	It should trade higher to 17.2680 while 17.0640 or 16.9860 offers support. Stop loss below 16.9080 zone.
XAU-USD	No comment!

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