Daily Market Comments - Thursday 11 February 2010

[RTFX-Trading]

EUR-USD	While above 1.3707 - 1.3672 zone a corrective upmove could test 1.3775 or 1.3807. After which it should resume its downtrend.
USD-CHF	If market stays below 1.0699 a fall to 1.0623 is expected. If market breaks the point 1.0725 it could reach the sky.
GBP-USD	While above 1.5584 - 1.5523 zone a corrective upmove could test 1.5680 or 1.5716. After which it should resume its downtrend.
USD-JPY	Currently uptrend should end around 90.0030 - 90.2537 area. A correction down to below 89.4387 is expected. A rise above 90.5673 will abort the expected correction.
USD-CAD	Market should pop up towards 1.0664 or 1.0686 this bullish scenario would be damaged if 1.0610 - 1.0577 zone is broken, a severe break down could then occur.
NZD-USD	There are initial signs of a good corrective recovery towards 0.6948 or even 0.6966. Supports at 0.6912 and 0.6893 zone.
AUD-USD	Strength can extend to 0.8797 or even higher than 0.8884 as declines are expected to find support at 0.8732. A fall below 0.8711 could turn it bearish.
EUR-JPY	Strength can extend to 124.3217 or even higher than 125.9117 as declines are expected to find support at 123.1175. A fall below 122.7317 could turn it bearish.
EUR-CHF	Preferred outlook is for a drift down to below 1.4630. Resistances are at 1.4667 and 1.4669. A rise above 1.4678 would delay but not abort this expected fall.
EUR-GBP	Currently uptrend should end around 0.8814 - 0.8836 area. A correction down to below 0.8763 is expected. A rise above 0.8865 will abort the expected correction.
EUR-CAD	Market should not go lower than 1.4577 - 1.4527. After this move down it should go up to 1.4658 - 1.4690 area.
EUR-NZD	One more dip to 1.9798 - 1.9758 is likely followed by a grind higher to 1.9908.
EUR-AUD	Current fall is near an end of wave around 1.5655 zone, a rally should then procede to above 1.5734. Fall below 1.5620 would cancel this scenario.
GBP-CHF	There is bearish potential for a fall to 1.6589 while 1.6687 - 1.6717 resist. After this fall a recovery up to 1.6717 or 1.6748 is expected.
GBP-JPY	It looks more likely that it would rise to 141.3063 from 139.8585 or 139.3333. After which a downside move is expected.
GBP-CAD	Market should not go lower than 1.6550 - 1.6466. After this move down it should go up to 1.6682 - 1.6731 area.
GBP-AUD	Market should not go lower than 1.7795 - 1.7733. After this move down it should go up to 1.7898 - 1.7938 area.
CAD-JPY	Current rise seems to be over near 84.7505 or 85.1247 for a retracement towards 84.3763 - 84.1540 area.
NZD-JPY	Strength can extend to 62.7170 or even higher than 63.5590 as declines are expected to find support at 62.0805. A fall below 61.8750 could turn it bearish.
AUD-JPY	Strength can extend to 79.1813 or even higher than 80.1963 as declines are expected to find support at 78.4040. A fall below 78.1663 could turn it bearish.
XAG-USD	It looks more likely that it would rise to 15.5323 from 15.1470 or 14.9843. After which a downside move is expected.
XAU-USD	While above 1067.7750 - 1062.9333 zone a corrective dip could test 1072.6167 or 1081.8083. After which it should resume his downtrend.

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