Daily Market Comments - Wednesday 30 December 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4431 - 1.4508 from 1.4343 or 1.4304. After which a downside move is expected.
USD-CHF	Market should hold major support at 1.0300 before rising towards 1.0409 or even 1.0451 limit.
GBP-USD	It looks more likely that it would rise to 1.6025 - 1.6147 from 1.5886 or 1.5825. After which a downside move is expected.
USD-JPY	Currently uptrend should end around 92.0405 - 92.2107 area. A correction down to 91.7665 - 91.6627 is expected. A rise above 92.4183 will abort the expected correction.
USD-CAD	It should test 1.0490 area after which a sell off down to 1.0386 or extended to 1.0337 area is expected.
NZD-USD	Strength can extend to 0.7193 or 0.7234 as declines are expected to find support at 0.7153 or 0.7122. A fall below 0.7092 could turn it bearish.
AUD-USD	Strength can extend to 0.8971 or 0.9009 as declines are expected to find support at 0.8933 or 0.8903. A fall below 0.8873 could turn it bearish.
EUR-JPY	Preferred view is for a fall to 131.8510 - 131.5973 while 132.3350 - 132.5653 area resists. A clear break of 133.0727 would be bullish.
EUR-CHF	It may attempt a test higher to 1.4891 - 1.4904 after which weakness may set it to a drift down to 1.4855 limit.
EUR-GBP	It should try higher up to 0.9034 - 0.9055. Entry point 0.9013 or 0.8998. After this rise, a correction is expected.
EUR-CAD	Current fall is near an end of wave around 1.4927 zone, a rally should then procede to above 1.5030. Fall below 1.4876 would cancel this scenario.
EUR-NZD	It looks set to visit further lower territory down to around 1.9970 - 1.9855. Its corrective attempts should fail ahead of 1.9970 - 2.0239. Stop loss above 2.0469 zone.
EUR-AUD	Market should not go lower than 1.5924. After this move down it should go up to 1.6177 area.
GBP-CHF	Market should pop up towards 1.6537 or 1.6567 this bullish scenario would be damaged if 1.6467 - 1.6427 zone is broken, a severe break down could then occur.
GBP-JPY	While above 146.1595 - 145.8293 zone a corrective upmove could test 146.7320 or 146.9743. After which it should resume its downtrend.
GBP-CAD	It is likely to fall towards 1.6502 - 1.6409 unless a corrective rally breaks the 1.6664 resistance. Stop above 1.6710 zone.
GBP-AUD	Market should not go lower than 1.7741 - 1.7633. After this move down it should go up to 1.7919 - 1.7989 area.
CAD-JPY	While below 88.3575 - 88.5500 it is more likely to fall further towards 87.9780 or 87.7910. Premature rise above 88.5500 could see it rising above 88.9240 zone.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 66.7301 or 66.5617 if support around 65.6933 hold. After which a pullback to 65.6933 - 65.4115 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 82.9540 or 82.8217 if support around 81.9953 hold. After which a pullback to 81.9953 - 81.7330 zone is possible.
XAG-USD	Market should not go lower than 17.0800 - 16.9343. After this move down it should go up to 17.3085 - 17.3913 area.
XAU-USD	There is bearish potential for a fall to 1092.9675 while 1100.7347 - 1102.7271 resist. After this fall a recovery up to 1102.7271 or 1104.7195 is expected.

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