Daily Market Comments - Friday 26 February 2010

[RTFX-Trading]

EUR-USD	It should be subject to more sell off towards 1.3500 or 1.3476. Corrective upward swings should face resistance around 1.3621 area. A break of 1.3643 is bullish.
USD-CHF	Current move should be supported in 1.0793 - 1.0764 zone for a rise to 1.0859. A break below 1.0727 opens the way down.
GBP-USD	One more dip to 1.5227 - 1.5162 is likely followed by a grind higher to 1.5343 - 1.5394. After which it can resume its downtrend.
USD-JPY	Market should not go lower than 88.93 - 88.46. After this move down it should go up to 89.68 - 89.98 area.
USD-CAD	While below 1.0644 - 1.0687 it is more likely to fall further towards 1.0521 or 1.0435.
NZD-USD	It should trade higher to above 0.6960 while 0.6904 offer support. Minor support at 0.6862. Stop Loss below 0.6806 zone.
AUD-USD	It should trade higher to above 0.8957 while 0.8879 offer support. Minor support at 0.8806. Stop Loss below 0.8728 zone.
EUR-JPY	It is likely to fall towards 119.46 - 118.24 unless a corrective rally breaks the 121.49 resistance. Stop above 122.11 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.4624. Its corrective attempts should fail ahead of 1.4645. Stop loss above 1.4657 zone.
EUR-GBP	Current rise seems to be over near 0.8884 or 0.8921 for a retracement towards 0.8847 - 0.8824 area.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4410 or 1.4459 if support around 1.4338 hold. After which a pullback to 1.4338 - 1.4294 zone is possible.
EUR-NZD	While below 1.9630 - 1.9680 it is more likely to fall further towards 1.9484 or 1.9385.
EUR-AUD	Current upmove should be ended around 1.5290 - 1.5348. Any correction consolidation should find support in 1.5184 - 1.5136 zone.
GBP-CHF	Market should not go lower than 1.6392. After this move down it should go up to 1.6588 - 1.6630 area.
GBP-JPY	Market should not go lower than 134.17. After this move down it should go up to 138.49 area.
GBP-CAD	Market should pop up towards 1.6257 or 1.6302 this bullish scenario would be damaged if 1.6156 - 1.6101 zone is broken, a severe break down could then occur.
GBP-AUD	There is bearish potential for a fall to 1.7119 while 1.7233 - 1.7265 resist. After this fall a recovery up to 1.7265 or 1.7298 is expected.
CAD-JPY	It looks set to visit further lower territory down to around 83.58 - 82.83. Its corrective attempts should fail ahead of 83.58 - 85.47. Stop loss above 86.96 zone.
NZD-JPY	It is likely to fall towards 60.78 - 59.94 unless a corrective rally breaks the 62.17 resistance. Stop above 62.59 zone.
AUD-JPY	It is likely to fall towards 77.96 - 76.78 unless a corrective rally breaks the 79.96 resistance. Stop above 80.54 zone.
XAG-USD	It looks set for gains to 16.29. Supports at 15.85 and 15.75. A break of 15.42 will damage this bullish structure.
XAU-USD	It looks set for gains to 1114.28. Supports at 1097.43 and 1093.48. A break of 1080.57 will damage this bullish structure.

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

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