Daily Market Comments - Monday 15 February 2010

[RTFX-Trading]

EUR-USD	It should test 1.3624 area after which a sell off down to 1.3534 or extended to 1.3451 area is expected.
USD-CHF	While below 1.0797 - 1.0830 it is more likely to fall further towards 1.0733 or 1.0702. Premature rise above 1.0830 could see it rising above 1.0893 zone.
GBP-USD	Currently uptrend should end around 1.5706 - 1.5747 area. A correction down to 1.5626 - 1.5587 is expected. A rise above 1.5825 will abort the expected correction.
USD-JPY	While above 89.7900 - 89.5830 zone a corrective upmove could test 90.2015 or 90.4060. After which it should resume its downtrend.
USD-CAD	It should be subject to more declines to below 1.0439 while 1.0516 - 1.0528 area cushions a corrective dip.
NZD-USD	It should test 0.6979 area after which a sell off down to 0.6911 or extended to 0.6858 area is expected.
AUD-USD	Currently uptrend should end around 0.8893 - 0.8929 area. A correction down to below 0.8798 is expected. A rise above 0.8988 will abort the expected correction.
EUR-JPY	Market should hold major support at 121.0532 before rising towards 123.2897 or even 124.0333 limit.
EUR-CHF	Preferred outlook is for a drift down to below 1.4600. Resistances are at 1.4661 and 1.4666. A rise above 1.4681 would delay but not abort this expected fall.
EUR-GBP	It may meet resistance in 0.8690 - 0.8691 zone for a drift down to 0.8657 zone, after which bounce to 0.8724 is anticipated.
EUR-CAD	It may meet resistance in 1.4318 - 1.4320 zone for a drift down to 1.4256 zone, after which bounce to 1.4382 is anticipated.
EUR-NZD	Current fall is near an end of wave around 1.9460 zone, a rally should then procede to above 1.9658. Fall below 1.9365 would cancel this scenario.
EUR-AUD	It may meet resistance in 1.5352 - 1.5360 zone for a drift down to 1.5266 zone, after which bounce to 1.5447 is anticipated.
GBP-CHF	Should test support at 1.6793 while below 1.6871. If support at 1.6793 holds it can rise up to 1.6950, if not it should fall to below 1.6715 zone.
GBP-JPY	Currently uptrend should end around 141.4635 - 142.0157 area. A correction down to below 139.9127 is expected. A rise above 143.0143 will abort the expected correction.
GBP-CAD	It should trade higher to above 1.6550 while 1.6441 - 1.6405 offer support. Stop Loss below 1.6332 zone.
GBP-AUD	Market should not go lower than 1.7635 - 1.7594. After this move down it should go up to 1.7750 - 1.7833 area.
CAD-JPY	Current upmove should be ended around 85.8070 - 86.1457. Any correction consolidation should find support in 85.1830 - 84.8977 zone.
NZD-JPY	It should try higher up to 62.8805 - 63.1887. Entry point 62.5723 or 62.3125. After this rise, a correction is expected.
AUD-JPY	Current upmove should be ended around 80.1450 - 80.5660. Any correction consolidation should find support in 79.3505 - 78.9770 zone.
XAG-USD	Currently uptrend should end around 15.6285 - 15.7680 area. A correction down to below 15.2380 is expected. A rise above 16.0190 will abort the expected correction.
XAU-USD	Currently uptrend should end around 1094.8875 - 1100.5415 area. A correction down to below 1081.2666 is expected. A rise above 1108.5082 will abort the expected correction.

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