Daily Market Comments - Monday 18 January 2010

[RTFX-Trading]

EUR-USD	It looks set to visit further lower territory down to around 1.4358 - 1.4307. Its corrective attempts should fail ahead of 1.4358 - 1.4482. Stop loss above 1.4584 zone.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0310 or 1.0309 if support around 1.0245 hold. After which a pullback to 1.0245 - 1.0224 zone is possible.
GBP-USD	Market should pop up towards 1.6307 or 1.6339 this bullish scenario would be damaged if 1.6235 - 1.6195 zone is broken, a severe break down could then occur.
USD-JPY	Current fall is near an end of wave around 90.5143 zone, a rally should then procede to above 91.2353. Fall below 90.1977 would cancel this scenario.
USD-CAD	It should trade lower to 1.0248. Resistances are at 1.0329 and 1.0362. A break of 1.0410 is bullish, confirmed by a close above 1.0341.
NZD-USD	Market should pop up towards 0.7408 or 0.7423 this bullish scenario would be damaged if 0.7372 - 0.7351 zone is broken, a severe break down could then occur.
AUD-USD	There is bearish potential for a fall to 0.9194 while 0.9257 - 0.9277 resist. After this fall a recovery up to 0.9277 or 0.9298 is expected.
EUR-JPY	Market should not go lower than 129.6951. After this move down it should go up to 131.5035 - 131.9020 area.
EUR-CHF	One more dip to 1.4754 - 1.4744 is likely followed by a grind higher to 1.4773 - 1.4782. After which it can resume his downtrend.
EUR-GBP	Current fall is near an end of wave around 0.8809 zone, a rally should then procede to above 0.8880. Fall below 0.8775 would cancel this scenario.
EUR-CAD	It should try higher up to 1.4828 - 1.4863. Entry point 1.4792 or 1.4763. After this rise, a correction is expected.
EUR-NZD	It looks set to visit further lower territory down to around 1.9462 - 1.9425. Its corrective attempts should fail ahead of 1.9462 - 1.9552. Stop loss above 1.9626 zone.
EUR-AUD	It should try higher up to 1.5583 - 1.5603. Entry point 1.5564 or 1.5547. After this rise, a correction is expected.
GBP-CHF	Resistances lie around 1.6724 and 1.6755. It should test lower towards 1.6631 zone. A clear break of 1.6691 would be bearish.
GBP-JPY	Market should not go lower than 147.4345 - 146.8387. After this move down it should go up to 148.4520 - 148.8737 area.
GBP-CAD	It may attempt a test higher to 1.6759 - 1.6790 after which weakness may set it to a drift down to below 1.6678 limit.
GBP-AUD	Current upmove should be over between 1.7632 and 1.7668. A correction down to 1.7396 is anticipated. A break of 1.7732 is bullish.
CAD-JPY	No comment!
NZD-JPY	It should register further gains to 67.6540 while 66.6200 - 66.1830 caps downside attempts. Stop loss below 65.5860 zone.
AUD-JPY	Market should not go lower than 83.7650 - 83.3427. After this move down it should go up to 84.4575 - 84.7277 area.
XAG-USD	Market should not go lower than 18.4060 - 18.3160. After this move down it should go up to 18.5475 - 18.5990 area.
XAU-USD	No comment!

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