Daily Market Comments - Friday 12 February 2010

[RTFX-Trading]

EUR-USD	It is likely to fall towards 1.3644 - 1.3592 as its corrective rally could falter in 1.3747 - 1.3798 area. Stop above 1.3902 zone.
USD-CHF	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.0783 or under 1.0627 limits.
GBP-USD	It should be subject to more sell off towards 1.5604 or 1.5503. Corrective upward swings should face resistance around 1.5838 area. A break of 1.5819 is bullish.
USD-JPY	Current move should be supported in 89.6660 - 89.5077 zone for a rise to 90.0817. A break below 89.2503 opens the way down.
USD-CAD	Market should not go lower than 1.0425. After this move down it should go up to 1.0593 area.
NZD-USD	Current rise should end around 0.7034. Objectives of this downmove are 0.6931 or 0.6876. A rise above 0.7081 is again bullish.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8944 or 0.8966 if support around 0.8858 hold. After which a pullback to 0.8858 - 0.8827 zone is possible.
EUR-JPY	It is likely to fall towards 122.4880 - 121.9287 as its corrective rally could falter in 123.5425 - 124.0377 area. Stop above 125.1563 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.4656 - 1.4649. Its corrective attempts should fail ahead of 1.4667 or 1.4671. Stop loss above 1.4684 zone.
EUR-GBP	There is bearish potential for a fall to 0.8710 - 0.8666 while 0.8754 - 0.8780 resist. After this fall a recovery up to 0.8780 or 0.8807 is expected.
EUR-CAD	Market should not go lower than 1.4216. After this move down it should go up to 1.4546 area.
EUR-NZD	One more dip to 1.9532 - 1.9428 is likely followed by a grind higher to 1.9722 - 1.9807. After which it can resume its downtrend.
EUR-AUD	Market should not go lower than 1.5234. After this move down it should go up to 1.5606 area.
GBP-CHF	It should try higher up to 1.6830 - 1.6909. Entry point 1.6751 or 1.6703. After this rise, a correction is expected.
GBP-JPY	Difficult to predict the next move. If first down it should hold 140.3045 or 140.0663. If first up it should face resistance in 140.9985 - 141.4543 zone to 140.0663 zone.
GBP-CAD	It may meet resistance in 1.6489 - 1.6509 zone for a drift down to 1.6430 zone, after which bounce to 1.6568 is anticipated.
GBP-AUD	Current fall is near an end of wave around 1.7495 zone, a rally should then procede to above 1.7805. Fall below 1.7351 would cancel this scenario.
CAD-JPY	Currently uptrend should end around 86.1165 - 85.9217 area. A correction down to below 84.8017 is expected. A rise above 86.3473 will abort the expected correction.
NZD-JPY	While below 62.8940 - 63.0990 it is more likely to fall further towards 62.4960 or 62.3030. Premature rise above 63.0990 could see it rising above 63.4850 zone.
AUD-JPY	Currently uptrend should end around 80.4320 - 80.4383 area. A correction down to below 79.0523 is expected. A rise above 80.9587 will abort the expected correction.
XAG-USD	Currently uptrend should end around 15.6900 - 15.8593 area. A correction down to below 15.3163 is expected. A rise above 16.0637 will abort the expected correction.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1101.0845 or 1104.9335 if support around 1088.2667 hold. After which a pullback to 1088.2667 - 1083.4501 zone is possible.

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