Daily Market Comments - Thursday 18 February 2010

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.3736 - 1.3864 from 1.3596 or 1.3532. After which a downside move is expected.
USD-CHF	It should trade higher to 1.0840 while 1.0744 or 1.0715 offers support. Stop loss below 1.0687 zone.
GBP-USD	While above 1.5670 - 1.5621 zone a corrective upmove could test 1.5744 or 1.5770. After which it should resume its downtrend.
USD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 91.84 or 91.71 if support around 90.92 hold. After which a pullback to 90.92 - 90.70 zone is possible.
USD-CAD	Market should hold major support at 1.0422 before rising towards 1.0486 or even 1.0508 limit.
NZD-USD	There are initial signs of a good corrective recovery towards 0.7060 or even 0.7073. Supports at 0.7029 and 0.7012 zone.
AUD-USD	A corrective rise should ideally test 0.9029 or even higher than 0.9064. Supports are at 0.8974. Stop loss below 0.8940 zone.
EUR-JPY	While below 124.51 - 124.87 it is more likely to fall further towards 123.79 or 123.44. Premature rise above 124.87 could see it rising above 125.58 zone.
EUR-CHF	Decline should be supported around 1.4661 - 1.4649 zone for rally to above 1.4690. A clear break of 1.4649 will damage this expected rally.
EUR-GBP	It looks more likely that it would rise to 0.8726 - 0.8770 from 0.8676 or 0.8654. After which a downside move is expected.
EUR-CAD	There is bearish potential for a fall to 1.4173 while 1.4282 - 1.4314 resist. After this fall a recovery up to 1.4314 or 1.4346 is expected.
EUR-NZD	Market should not go lower than 1.9326 - 1.9253. After this move down it should go up to 1.9438 - 1.9477 area.
EUR-AUD	Market should not go lower than 1.5123 - 1.5066. After this move down it should go up to 1.5212 - 1.5244 area.
GBP-CHF	It should trade higher to 1.6953 while 1.6878 or 1.6851 offers support. Stop loss below 1.6824 zone.
GBP-JPY	One move lower to 142.21 or 141.40 is anticipated while below 143.32 - 143.73 area. Stop loss above 144.44 zone.
GBP-CAD	Support at 1.6390 or 1.6351 should hold. Then a correction to above 1.6556 is anticipated. A clear break of 1.6303 is again bearish.
GBP-AUD	It looks set to visit further lower territory down to around 1.7421 - 1.7382. Its corrective attempts should fail ahead of 1.7421 - 1.7503. Stop loss above 1.7581 zone.
CAD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 87.84 or 87.65 if support around 86.93 hold. After which a pullback to 86.93 - 86.71 zone is possible.
NZD-JPY	One move lower to 63.73 or 63.23 is anticipated while below 64.29 - 64.54 area. Stop loss above 64.85 zone.
AUD-JPY	One move lower to 81.39 or 80.70 is anticipated while below 82.14 - 82.49 area. Stop loss above 82.90 zone.
XAG-USD	There are initial signs of a good corrective recovery towards 16.10 or even 16.19. Supports at 15.85 and 15.69 zone.
XAU-USD	There are initial signs of a good corrective recovery towards 1117.14 or even 1121.04. Supports at 1106.14 and 1099.04 zone.

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