Daily Market Comments - Tuesday 16 February 2010

[RTFX-Trading]

EUR-USD	It may meet resistance in 1.3599 - 1.3604 zone for a drift down to 1.3574 zone, after which bounce to 1.3628 is anticipated.
USD-CHF	Our preferred view is for a drift down to 1.0752 or below 1.0728. Resistances is at 1.0771. A rise above 1.0803 would delay but not abort this expected fall.
GBP-USD	One more dip to 1.5636 or 1.5608 is likely followed by a grind higher to above 1.5823.
USD-JPY	Our preferred view is for a drift down to 89.87 or below 89.73. Resistances is at 89.87. A rise above 90.19 would delay but not abort this expected fall.
USD-CAD	It should register further gains to 1.0531 while 1.0459 - 1.0426 caps downside attempts. Stop loss below 1.0388 zone.
NZD-USD	It looks set to visit further lower territory down to around 0.6960 - 0.6950. Its corrective attempts should fail ahead of 0.6960 - 0.6985. Stop loss above 0.7005 zone.
AUD-USD	It should be subject to more sell off towards 0.8866 or 0.8852. Corrective upward swings should face resistance around 0.8893 area. A break of 0.8942 is bullish.
EUR-JPY	Market should not go lower than 122.33 - 122.14. After this move down it should go up to 122.64 - 122.77 area.
EUR-CHF	Our preferred outlook is for a drift down to 1.4645 or below 1.4636. Resistances are at 1.4655 and 1.4663. A rise above 1.4672 would delay but not abort this expected fall.
EUR-GBP	One more dip to 0.8677 - 0.8669 is likely followed by a grind higher to 0.8693 - 0.8701. After which it can resume its downtrend.
EUR-CAD	One more dip to 1.4248 - 1.4222 is likely followed by a grind higher to 1.4298 - 1.4321. After which it can resume its downtrend.
EUR-NZD	One more dip to 1.9498 - 1.9471 is likely followed by a grind higher to 1.9551 - 1.9576. After which it can resume its downtrend.
EUR-AUD	One more dip to 1.5295 - 1.5272 is likely followed by a grind higher to 1.5336 - 1.5354. After which it can resume its downtrend.
GBP-CHF	Our preferred outlook is for a drift down to 1.6844 or below 1.6813. Resistances are at 1.6876 and 1.6878. A rise above 1.6909 would delay but not abort this expected fall.
GBP-JPY	Decline should be supported around 140.65 - 140.34 zone for rally to above 141.33. A clear break of 140.34 will damage this expected rally.
GBP-CAD	One more dip to 1.6415 - 1.6391 is likely followed by a grind higher to 1.6458 - 1.6479. After which it can resume its downtrend.
GBP-AUD	One more dip to 1.7610 or 1.7588 is likely followed by a grind higher to 1.7652 - 1.7672. After which it can resume its downtrend.
CAD-JPY	While below 85.88 - 85.99 it is more likely to fall further towards 85.67 or 85.56. Premature rise above 85.99 could see it rising above 86.21 zone.
NZD-JPY	While below 62.70 or 62.74 it could fall towards below 62.54 or 62.39. After which a corrective/consolidation activity is expected to 62.82 zone.
AUD-JPY	Current rise should end around 80.17. Objectives of this downmove are 79.76 or 79.56. A rise above 80.37 is again bullish.
XAG-USD	It may attempt a test higher to 15.59 - 15.64 after which weakness may set it to a drift down to below 15.46 limit.
XAU-USD	Currently uptrend should end around 1102.59 - 1105.06 area. A correction down to below 1094.33 is expected. A rise above 1109.12 will abort the expected correction.

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

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.