Daily Market Comments - Thursday 14 January 2010

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.4574 - 1.4638 from 1.4483 or 1.4451. After which a downside move is expected.
USD-CHF	Currently uptrend should end around 1.0201 - 1.0221 area. A correction down to 1.0160 - 1.0140 is expected. A rise above 1.0261 will abort the expected correction.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6349 or 1.6346 if support around 1.6241 hold. After which a pullback to 1.6241 - 1.6208 zone is possible.
USD-JPY	It should test 91.6620 area after which a sell off down to 91.0020 or extended to 90.6300 area is expected.
USD-CAD	There is bearish potential for a fall to 1.0262 while 1.0337 - 1.0361 resist. After this fall a recovery up to 1.0361 or 1.0384 is expected.
NZD-USD	If market stays below 0.7415 a fall to 0.7376 is expected. If market breaks the point 0.7430 it could reach the sky.
AUD-USD	It may attempt a test higher to 0.9255 - 0.9276 after which weakness may set it to a drift down to 0.9198 limit.
EUR-JPY	It may attempt a test higher to 132.9030 - 133.3637 after which weakness may set it to a drift down to 131.6637 limit.
EUR-CHF	Any possible decline should be supported around 1.4747 - 1.4719 zone for rally to above 1.4830. A clear break of 1.4691 will damage this expected rally.
EUR-GBP	Current fall is near an end of wave around 0.8882 zone, a rally should then procede to above 0.8956. Fall below 0.8851 would cancel this scenario.
EUR-CAD	There is bearish potential for a fall to 1.4901 while 1.4994 - 1.5023 resist. After this fall a recovery up to 1.5023 or 1.5051 is expected.
EUR-NZD	While above 1.9563 - 1.9522 zone a corrective upmove could test 1.9641 or 1.9678. After which it should resume its downtrend.
EUR-AUD	It looks more likely that it would rise to 1.5762 - 1.5824 from 1.5676 or 1.5646. After which a downside move is expected.
GBP-CHF	Current rise should end around 1.6645. Objectives of this downmove are 1.6479 or 1.6382. A rise above 1.6713 is again bullish.
GBP-JPY	It should trade higher to 149.6423 while 148.1787 or 147.7400 offers support. Stop loss below 147.3013 zone.
GBP-CAD	A corrective rise should ideally test 1.6863 or even higher than 1.6943. Supports are at 1.6689. Stop loss below 1.6686 zone.
GBP-AUD	One move lower to 1.7518 or 1.7420 is anticipated while below 1.7645 - 1.7694 area. Stop loss above 1.7771 zone.
CAD-JPY	It may attempt a test higher to 88.7295 - 89.1863 after which weakness may set it to a drift down to 87.7283 limit.
NZD-JPY	It may attempt a test higher to 67.7795 - 68.0110 after which weakness may set it to a drift down to below 67.1990 limit.
AUD-JPY	It should test 84.9100 area after which a sell off down to 83.8400 or extended to 83.2350 area is expected.
XAG-USD	It should trade lower to 18.3330. Resistances are at 18.7770 and 18.9300. A break of 19.2210 is bullish, confirmed by a close above 19.0380.
XAU-USD	It should test 1156.4971 area after which a sell off down to 1124.8970 or extended to 1111.7469 area is expected.

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