Daily Market Comments - Wednesday 27 January 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.4057 - 1.4016. After this move down it should go up to 1.4125 - 1.4153 area.
USD-CHF	Current rise seems to be over near 1.0478 or 1.0511 for a retracement towards 1.0445 - 1.0421 area.
GBP-USD	While below 1.6206 - 1.6244 it might drop to 1.6068 or 1.5994.
USD-JPY	There is bearish potential for a fall to 89.1453 while 89.8497 - 90.1020 resist. After this fall a recovery up to 90.1020 or 90.3543 is expected.
USD-CAD	While below 1.0660 - 1.0698 it is more likely to fall further towards 1.0552 or 1.0476.
NZD-USD	Market should pop up towards 0.7126 or 0.7161 this bullish scenario would be damaged if 0.7052 - 0.7013 zone is broken, a severe break down could then occur.
AUD-USD	There is bearish potential for a fall to 0.8921 while 0.9003 - 0.9035 resist. After this fall a recovery up to 0.9035 or 0.9067 is expected.
EUR-JPY	There is bearish potential for a fall to 125.9130 - 125.0933 while 126.7327 - 127.2625 resist. After this fall a recovery up to 127.2625 or 127.7923 is expected.
EUR-CHF	If market stays below 1.4733 a fall to around 1.4687 is expected. If market breaks the point 1.4743 it could reach the sky.
EUR-GBP	It should test 0.8730 area after which a sell off down to 0.8672 or extended to 0.8626 area is expected.
EUR-CAD	It looks more likely that it would rise to 1.5017 - 1.5080 from 1.4939 or 1.4908. After which a downside move is expected.
EUR-NZD	It looks more likely that it would rise to 2.0002 - 2.0135 from 1.9819 or 1.9753. After which a downside move is expected.
EUR-AUD	It looks more likely that it would rise to 1.5738 - 1.5815 from 1.5632 or 1.5594. After which a downside move is expected.
GBP-CHF	Strength can extend to 1.6934 or even 1.6976 as declines are expected to find support at 1.6891 or 1.6849. Stop Loss below 1.6806 zone.
GBP-JPY	There is bearish potential for a fall to 144.4095 - 143.4436 while 145.3753 - 146.0170 resist. After this fall a recovery up to 146.0170 or 146.6586 is expected.
GBP-CAD	There are initial signs of a good corrective recovery towards 1.7201 or even 1.7231. Supports at 1.7134 and 1.7096 zone.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.8050 or even 1.8101. Supports at 1.7930 and 1.7862 zone.
CAD-JPY	No comment!
NZD-JPY	There is bearish potential for a fall to 63.2160 - 62.6463 while 63.7857 - 64.2075 resist. After this fall a recovery up to 64.2075 or 64.6293 is expected.
AUD-JPY	There is bearish potential for a fall to 80.2900 - 79.6443 while 80.9357 - 81.3915 resist. After this fall a recovery up to 81.3915 or 81.8473 is expected.
XAG-USD	No comment!
XAU-USD	It should be subject to more sell off towards 1087.6332 or 1077.6161. Corrective upward swings should face resistance around 1103.5632 area. A break of 1113.7421 is bullish.

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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