Daily Market Comments - Thursday 31 December 2009

[RTFX-Trading]

EUR-USD	Market should hold major support at 1.4259 before rising towards 1.4376 or even 1.4412 limit.
USD-CHF	There are initial signs of a good corrective recovery towards 1.0394 or even 1.0408. Supports at 1.0359 and 1.0338 zone.
GBP-USD	It should trade higher to 1.6170 while 1.6001 or 1.5955 offers support. Stop loss below 1.5908 zone.
USD-JPY	Strength can extend to 92.6045 or 92.8363 as declines are expected to find support at 92.3727 or 92.1755. A fall below 91.9783 could turn it bearish.
USD-CAD	Current rise seems to be over near 1.0565 or 1.0612 for a retracement towards 1.0519 - 1.0490 area.
NZD-USD	Currently uptrend should end around 0.7276 - 0.7250 area. A correction down to below 0.7167 is expected. A rise above 0.7280 will abort the expected correction.
AUD-USD	Uptrend is still intact. It should continue to rally to 0.8952 or 0.8968 if supports at 0.8935 area hold. Then we anticipate a pullback to 0.8935 - 0.8923 zone.
EUR-JPY	Currently uptrend should end around 132.8968 - 132.9663 area. A correction down to below 131.9693 is expected. A rise above 133.3777 will abort the expected correction.
EUR-CHF	It looks set to visit further lower territory down to around 1.4860 - 1.4849. Its corrective attempts should fail ahead of 1.4879 or 1.4886. Stop loss above 1.4908 zone.
EUR-GBP	There is bearish potential for a fall to 0.8915 - 0.8869 while 0.8962 - 0.8987 resist. After this fall a recovery up to 0.8987 or 0.9012 is expected.
EUR-CAD	Current rise seems to be over near 1.5139 or 1.5197 for a retracement towards 1.5081 - 1.5049 area.
EUR-NZD	It may meet resistance in 1.9864 - 1.9916 zone for a drift down to 1.9774 zone, after which bounce to 2.0006 is anticipated.
EUR-AUD	It may meet resistance in 1.6033 - 1.6040 zone for a drift down to 1.5990 zone, after which bounce to 1.6083 is anticipated.
GBP-CHF	It should try higher up to 1.6685 - 1.6769. Entry point 1.6601 or 1.6550. After this rise, a correction is expected.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 149.2686 or 149.6937 if support around 147.8793 hold. After which a pullback to 147.8793 - 147.3400 zone is possible.
GBP-CAD	Current rise seems to be over near 1.6974 or 1.7104 for a retracement towards 1.6845 - 1.6776 area.
GBP-AUD	It may attempt a test higher to 1.7989 - 1.8078 after which weakness may set it to a drift down to 1.7797 limit.
CAD-JPY	Market should not go lower than 87.4715 - 87.2063. After this move down it should go up to 87.9190 - 88.1013 area.
NZD-JPY	Current rise should end around 67.1367. Objectives of this downmove are 66.0367 or 65.3533. A rise above 67.5533 is again bullish.
AUD-JPY	While below 82.7810 - 83.0420 it is more likely to fall further towards 82.3350 or 82.1500. Premature rise above 83.0420 could see it rising above 83.4120 zone.
XAG-USD	It may meet resistance in 16.8120 - 16.9083 zone for a drift down to 16.6557 zone, after which bounce to 17.0647 is anticipated.
XAU-USD	It should try higher up to 1095.6284 - 1098.7856. Entry point 1092.4713 or 1089.5569. After this rise, a correction is expected.

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