Daily Market Comments - Wednesday 17 February 2010

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.3775 or 1.3838 for a retracement towards 1.3713 - 1.3680 area.
USD-CHF	Market should not go lower than 1.0657 - 1.0612. After this move down it should go up to 1.0725 - 1.0748 area.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5801 or 1.5850 if support around 1.5739 hold. After which a pullback to 1.5739 - 1.5710 zone is possible.
USD-JPY	Current upmove should be ended around 90.32 - 90.53. Any correction consolidation should find support in 89.93 - 89.73 zone.
USD-CAD	Current fall is near an end of wave around 1.0394 zone, a rally should then procede to above 1.0483. Fall below 1.0358 would cancel this scenario.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7116 or 0.7113 if support around 0.7039 hold. After which a pullback to 0.7039 - 0.7019 zone is possible.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9076 or 0.9074 if support around 0.8976 hold. After which a pullback to 0.8976 - 0.8949 zone is possible.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 124.88 or 124.97 if support around 123.64 hold. After which a pullback to 123.64 - 123.22 zone is possible.
EUR-CHF	Current rise seems to be over near 1.4682 or 1.4692 for a retracement towards 1.4672 - 1.4666 area.
EUR-GBP	Current upmove should be ended around 0.8733 - 0.8751. Any correction consolidation should find support in 0.8698 - 0.8682 zone.
EUR-CAD	Currently uptrend should end around 1.4373 - 1.4414 area. A correction down to 1.4306 - 1.4280 is expected. A rise above 1.4467 will abort the expected correction.
EUR-NZD	Market should hold major support at 1.9336 before rising towards 1.9538 or even 1.9605 limit.
EUR-AUD	Market should hold major support at 1.5158 before rising towards 1.5320 or even 1.5374 limit.
GBP-CHF	It is likely to fall towards 1.6779 - 1.6725 unless a corrective rally breaks the 1.6864 resistance. Stop above 1.6891 zone.
GBP-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 142.81 or 143.05 if support around 141.90 hold. After which a pullback to 141.90 - 141.55 zone is possible.
GBP-CAD	It should trade higher to 1.6539 or above 1.6608 in extention. Supports at 1.6396 and 1.6361. Stop loss below 1.6253 zone.
GBP-AUD	One more dip to 1.7454 - 1.7392 is likely followed by a grind higher to 1.7572 - 1.7629. After which it can resume its downtrend.
CAD-JPY	While below 86.67 - 87.00 it is more likely to fall further towards 86.04 or 85.76. Premature rise above 87.00 could see it rising above 87.57 zone.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 64.28 or 64.23 if support around 63.45 hold. After which a pullback to 63.45 - 63.21 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 81.98 or 81.92 if support around 80.91 hold. After which a pullback to 80.91 - 80.61 zone is possible.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 16.38 or 16.40 if support around 15.95 hold. After which a pullback to 15.95 - 15.82 zone is possible.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1130.33 or 1127.59 if support around 1112.98 hold. After which a pullback to 1112.98 - 1108.86 zone is possible.

Trading Desk, RTFX Ltd
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