Daily Market Comments - Monday 11 January 2010

[RTFX-Trading]

EUR-USD	It should be subject to more sell off towards 1.4308 or 1.4198. Corrective upward swings should face resistance around 1.4549 area. A break of 1.4548 is bullish.
USD-CHF	There is bearish potential for a fall to 1.0225 - 1.0172 while 1.0278 - 1.0309 resist. After this fall a recovery up to 1.0309 or 1.0340 is expected.
GBP-USD	Current upmove should be ended around 1.6069 - 1.6120. Any correction consolidation should find support in 1.5972 - 1.5926 zone.
USD-JPY	While below 93.1895 - 93.4887 it might drop to 92.0127 or 91.4143.
USD-CAD	While above 1.0302 - 1.0275 zone a corrective dip could test 1.0330 or 1.0363. After which it should resume his downtrend.
NZD-USD	It may attempt a test higher to 0.7374 - 0.7402 after which weakness may set it to a drift down to below 0.7310 limit.
AUD-USD	It should trade higher to 0.9286 while 0.9181 or 0.9157 offers support. Stop loss below 0.9075 zone.
EUR-JPY	Corrective dips should ideally halt near 132.9535 or 132.5577 for one more thrust upwards towards 133.8255 - 134.3017 area or 135.0934 in extention. Fall below 131.6053 puts it back on a downward path.
EUR-CHF	There is bearish potential for a fall to 1.4748 - 1.4721 while 1.4775 - 1.4791 resist. After this fall a recovery up to 1.4791 or 1.4807 is expected.
EUR-GBP	It may attempt a test higher to 0.9001 - 0.9027 after which weakness may set it to a drift down to 0.8942 limit.
EUR-CAD	It should trade higher to 1.4918 or above 1.4975 in extention. Supports at 1.4799 and 1.4770. Stop loss below 1.4680 zone.
EUR-NZD	Current rise should end around 1.9627. Objectives of this downmove are 1.9510 or 1.9451. A rise above 1.9684 is again bullish.
EUR-AUD	It looks set to visit further lower territory down to around 1.5584 - 1.5556. Its corrective attempts should fail ahead of 1.5584 - 1.5662. Stop loss above 1.5718 zone.
GBP-CHF	While above 1.6388 - 1.6313 zone a corrective upmove could test 1.6506 or 1.6551. After which it should resume its downtrend.
GBP-JPY	It looks more likely that it would rise to 149.2653 - 150.0957 from 148.2455 or 147.8303. After which a downside move is expected.
GBP-CAD	While below 1.6522 or 1.6540 it could fall towards below 1.6445 or 1.6368. After which a corrective/consolidation activity is expected to 1.6578 zone.
GBP-AUD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.7521 or under 1.7321 limits.
CAD-JPY	It is a triangle configuration. Market should break either side. Acceleration should occur above 90.2340 or under 89.4645 limits.
NZD-JPY	Corrective dips should ideally halt near 67.8905 or 67.6280 for one more thrust upwards towards 68.4500 - 68.7470 area or 69.2720 in extention. Fall below 67.0340 puts it back on a downward path.
AUD-JPY	It should try higher up to 85.7865 - 86.1730. Entry point 85.4000 or 85.0860. After this rise, a correction is expected.
XAG-USD	It should try higher up to 18.4880 - 18.6370. Entry point 18.3390 or 18.2580. After this rise, a correction is expected.
XAU-USD	Difficult to predict the next move. If first down it should hold 1128.1235 or 1124.2974. If first up it should face resistance in 1137.9995 - 1144.0494 zone to 1124.2974 zone.

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.