Daily Market Comments - Monday 25 January 2010

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.4161 or 1.4193 for a retracement towards 1.4129 - 1.4103 area.
USD-CHF	It should trade higher to above 1.0448 while 1.0395 - 1.0378 offer support. Stop Loss below 1.0341 zone.
GBP-USD	Market should not go lower than 1.6095 - 1.6032. After this move down it should go up to 1.6199 - 1.6239 area.
USD-JPY	It may meet resistance in 89.8650 - 90.0713 zone for a drift down to 89.5787 zone, after which bounce to 90.3577 is anticipated.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0602 or 1.0634 if support around 1.0549 hold. After which a pullback to 1.0549 - 1.0523 zone is possible.
NZD-USD	Market should not go lower than 0.7099 - 0.7073. After this move down it should go up to 0.7142 - 0.7158 area.
AUD-USD	There is bearish potential for a fall to 0.8995 - 0.8962 while 0.9028 - 0.9050 resist. After this fall a recovery up to 0.9050 or 0.9072 is expected.
EUR-JPY	It is likely to fall towards 126.3607 - 125.6413 unless a corrective rally breaks the 127.6420 resistance. Stop above 128.0016 zone.
EUR-CHF	It should trade higher to 1.4757 while 1.4716 or 1.4701 offers support. Stop loss below 1.4686 zone.
EUR-GBP	Current rise seems to be over near 0.8781 or 0.8812 for a retracement towards 0.8749 - 0.8731 area.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5053 or 1.5036 if support around 1.4917 hold. After which a pullback to 1.4917 - 1.4880 zone is possible.
EUR-NZD	Currently uptrend should end around 2.0024 - 1.9974 area. A correction down to below 1.9771 is expected. A rise above 2.0051 will abort the expected correction.
EUR-AUD	Currently uptrend should end around 1.5735 - 1.5750 area. A correction down to below 1.5606 is expected. A rise above 1.5800 will abort the expected correction.
GBP-CHF	It looks set to visit further lower territory down to around 1.6766 - 1.6711. Its corrective attempts should fail ahead of 1.6766 - 1.6890. Stop loss above 1.6999 zone.
GBP-JPY	Market should not go lower than 143.3926. After this move down it should go up to 146.4840 area.
GBP-CAD	Difficult to predict the next move. If first down it should hold 1.7006 or 1.6981. If first up it should face resistance in 1.7064 - 1.7098 zone to 1.6981 zone.
GBP-AUD	One more dip to 1.7836 or 1.7778 is likely followed by a grind higher to above 1.8232.
CAD-JPY	Market should not go lower than 84.2131. After this move down it should go up to 85.9893 area.
NZD-JPY	Support at 63.8080 or 63.4217 should hold the downside for a correction to above 64.6377 zone.
AUD-JPY	It might hold above 80.8610 or 80.3823 for a rise towards above 81.9033. Stop loss below 79.8187 zone.
XAG-USD	Current fall is near an end of wave around 16.8010 zone, a rally should then procede to above 17.4290. Fall below 16.5240 would cancel this scenario.
XAU-USD	Market should hold major support at 1075.3901 before rising towards 1100.8580 or even 1108.0541 limit.

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