Daily Market Comments - Wednesday 13 January 2010

[RTFX-Trading]

EUR-USD	Preferred view is for a fall to 1.4469 - 1.4444 while 1.4516 - 1.4536 area resists. A clear break of 1.4588 would be bullish.
USD-CHF	It should test 1.0205 area after which a sell off down to 1.0152 or extended to 1.0117 area is expected.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6217 or 1.6218 if support around 1.6141 hold. After which a pullback to 1.6141 - 1.6114 zone is possible.
USD-JPY	Market should not go lower than 90.8630 - 90.3413. After this move down it should go up to 91.7045 - 92.0243 area.
USD-CAD	Currently uptrend should end around 1.0429 - 1.0431 area. A correction down to below 1.0331 is expected. A rise above 1.0472 will abort the expected correction.
NZD-USD	It looks more likely that it would rise to 0.7423 - 0.7461 from 0.7375 or 0.7356. After which a downside move is expected.
AUD-USD	No comment!
EUR-JPY	Market should not go lower than 131.7100 - 131.0073. After this move down it should go up to 132.8040 - 133.1953 area.
EUR-CHF	No comment!
EUR-GBP	There is bearish potential for a fall to 0.8936 while 0.8982 - 0.8995 resist. After this fall a recovery up to 0.8995 or 0.9008 is expected.
EUR-CAD	While below 1.5069 - 1.5107 it is more likely to fall further towards 1.5003 or 1.4975. Premature rise above 1.5107 could see it rising above 1.5164 zone.
EUR-NZD	Currently uptrend should end around 1.9641 - 1.9684 area. A correction down to 1.9564 - 1.9529 is expected. A rise above 1.9753 will abort the expected correction.
EUR-AUD	Current rise seems to be over near 1.5770 or 1.5831 for a retracement towards 1.5709 - 1.5666 area.
GBP-CHF	It should trade higher to 1.6507 while 1.6431 or 1.6410 offers support. Stop loss below 1.6389 zone.
GBP-JPY	Market should not go lower than 146.8680 - 146.2740. After this move down it should go up to 147.8560 - 148.2500 area.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6891 or 1.6881 if support around 1.6735 hold. After which a pullback to 1.6735 - 1.6691 zone is possible.
GBP-AUD	Current rise seems to be over near 1.7591 or 1.7691 for a retracement towards 1.7492 - 1.7431 area.
CAD-JPY	Market should not go lower than 86.4795. After this move down it should go up to 88.8157 area.
NZD-JPY	Market should not go lower than 67.0735 - 66.6040. After this move down it should go up to 67.8345 - 68.1260 area.
AUD-JPY	Market should not go lower than 83.5345 - 82.7927. After this move down it should go up to 84.7310 - 85.1857 area.
XAG-USD	There is bearish potential for a fall to 18.0067 while 18.4003 - 18.5245 resist. After this fall a recovery up to 18.5245 or 18.6487 is expected.
XAU-USD	There is bearish potential for a fall to 1116.1072 while 1137.1896 - 1143.1858 resist. After this fall a recovery up to 1143.1858 or 1149.1821 is expected.

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.