Daily Market Comments - Thursday 21 January 2010

[RTFX-Trading]

EUR-USD	It looks set to visit further lower territory down to around 1.4093 - 1.4026. Its corrective attempts should fail ahead of 1.4093 - 1.4242. Stop loss above 1.4377 zone.
USD-CHF	Current rise should end around 1.0496. Objectives of this downmove are 1.0351 or 1.0262. A rise above 1.0551 is again bullish.
GBP-USD	One more dip to 1.6268 - 1.6233 is likely followed by a grind higher to 1.6332 - 1.6362. After which it can resume his downtrend.
USD-JPY	Currently uptrend should end around 91.3695 - 91.5310 area. A correction down to below 90.8670 is expected. A rise above 91.8260 will abort the expected correction.
USD-CAD	Current rise seems to be over near 1.0476 or 1.0534 for a retracement towards 1.0419 - 1.0383 area.
NZD-USD	Market should pop up towards 0.7287 or 0.7320 this bullish scenario would be damaged if 0.7202 - 0.7151 zone is broken, a severe break down could then occur.
AUD-USD	Market should not go lower than 0.9020. After this move down it should go up to 0.9204 area.
EUR-JPY	Market should not go lower than 127.7518. After this move down it should go up to 129.8790 area.
EUR-CHF	Our preferred outlook is for a drift down to 1.4710 or below 1.4693. Resistances are at 1.4727 and 1.4740. A rise above 1.4757 would delay but not abort this expected fall.
EUR-GBP	It may meet resistance in 0.8658 - 0.8681 zone for a drift down to 0.8628 zone, after which bounce to 0.8712 is anticipated.
EUR-CAD	Corrective dips should ideally halt near 1.4716 or 1.4682 for one more thrust upwards towards 1.4789 - 1.4828 area or 1.4896 in extention. Fall below 1.4604 puts it back on a downward path.
EUR-NZD	Strength can extend to 1.9613 or even 1.9686 as declines are expected to find support at 1.9541 or 1.9470. Stop Loss below 1.9399 zone.
EUR-AUD	If market stays below 1.5522 a fall to 1.5440 is expected. If market breaks the point 1.5552 it could reach the sky.
GBP-CHF	One move lower to 1.6917 or 1.6826 is anticipated while below 1.7023 - 1.7068 area. Stop loss above 1.7128 zone.
GBP-JPY	It may attempt a test higher to 148.9585 - 149.4187 after which weakness may set it to a drift down to 147.7247 limit.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7192 or 1.7144 if support around 1.6995 hold. After which a pullback to 1.6995 - 1.6946 zone is possible.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.8044 or 1.7996 if support around 1.7852 hold. After which a pullback to 1.7852 - 1.7804 zone is possible.
CAD-JPY	It looks set to visit further lower territory down to around 86.9875 - 86.5040. Its corrective attempts should fail ahead of 86.9875 - 88.1640. Stop loss above 89.1310 zone.
NZD-JPY	One more dip to 65.6420 is likely followed by a grind higher to 66.7843. After which it can resume its downtrend.
AUD-JPY	Market should not go lower than 82.9020 - 82.4603. After this move down it should go up to 83.6295 - 83.9153 area.
XAG-USD	Market should not go lower than 17.8400 - 17.5033. After this move down it should go up to 18.3665 - 18.5563 area.
XAU-USD	Market should not go lower than 1109.3359 - 1098.5472. After this move down it should go up to 1126.5369 - 1132.9492 area.

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.