Daily Market Comments - Tuesday 09 March 2010

[RTFX-Trading]

EUR-USD	Resistances lie around 1.3669 and 1.3690. It should test lower towards 1.3592 zone. A clear break of 1.3592 would be bearish.
USD-CHF	Market should hold major support at 1.0659 before rising towards 1.0762 or even 1.0792 limit.
GBP-USD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5196 or under 1.5031 limits.
USD-JPY	A corrective rise should ideally test 90.61 or even higher than 90.91. Supports are at 90.10. Stop loss below 89.85 zone.
USD-CAD	Upside potential exists for a rise to above 1.0293. Supports are at 1.0271 and 1.0261 zone.
NZD-USD	Should test support at 0.6985 while below 0.7009. If support at 0.6985 holds it can rise up to 0.7035, if not it should fall to below 0.6960 zone.
AUD-USD	Should test support at 0.9068 while below 0.9092. If support at 0.9068 holds it can rise up to 0.9125, if not it should fall to below 0.9044 zone.
EUR-JPY	Should test support at 122.67 while below 123.13. If support at 122.67 holds it can rise up to 123.75, if not it should fall to below 122.21 zone.
EUR-CHF	Corrective dips should ideally halt near 1.4627 or 1.4625 for one more thrust upwards towards 1.4634 - 1.4638 area or 1.4643 in extention. Fall below 1.4617 puts it back on a downward path.
EUR-GBP	Current rise seems to be over near 0.9061 or 0.9083 for a retracement towards 0.9039 - 0.9023 area.
EUR-CAD	Current move should be supported in 1.3997 - 1.3971 zone for a rise to 1.4054. A break below 1.3940 opens the way down.
EUR-NZD	It may meet resistance in 1.9452 - 1.9491 zone for a drift down to 1.9407 zone, after which bounce to 1.9536 is anticipated.
EUR-AUD	Current fall is near an end of wave around 1.4964 zone, a rally should then procede to above 1.5032. Fall below 1.4932 would cancel this scenario.
GBP-CHF	Market should pop up towards 1.6219 or 1.6250 this bullish scenario would be damaged if 1.6147 - 1.6106 zone is broken, a severe break down could then occur.
GBP-JPY	There are initial signs of a good corrective recovery towards 136.73 or even 137.08. Supports at 135.88 and 135.37 zone.
GBP-CAD	Prefer a fall to 1.5465 or 1.5414. Then a correction to 1.5545 is anticipated. A clear break of 1.5354 is again bearish.
GBP-AUD	One more dip to 1.6546 - 1.6503 is likely followed by a grind higher to 1.6623 - 1.6658. After which it can resume its downtrend.
CAD-JPY	Should test support at 87.63 while below 87.93. If support at 87.63 holds it can rise up to 88.26, if not it should fall to below 87.33 zone.
NZD-JPY	Should test support at 63.05 while below 63.30. If support at 63.05 holds it can rise up to 63.57, if not it should fall to below 62.79 zone.
AUD-JPY	Should test support at 81.84 while below 82.11. If support at 81.84 holds it can rise up to 82.47, if not it should fall to below 81.56 zone.
XAG-USD	It looks more likely that it would rise to 17.47 - 17.69 from 17.18 or 17.07. After which a downside move is expected.
XAU-USD	No comment!

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