Daily Market Comments - Wednesday 10 March 2010

[RTFX-Trading]

EUR-USD	Market should hold major support at 1.3537 before rising towards 1.3645 or even 1.3690 limit.
USD-CHF	Resistances lie around 1.0778 and 1.0795. It should test lower towards 1.0717 zone. A clear break of 1.0722 would be bearish.
GBP-USD	It may meet resistance in 1.4997 - 1.5001 zone for a drift down to 1.4932 zone, after which bounce to 1.5066 is anticipated.
USD-JPY	Current fall is near an end of wave around 89.62 zone, a rally should then procede to above 90.32. Fall below 89.28 would cancel this scenario.
USD-CAD	No comment!
NZD-USD	It should trade higher to 0.7055 while 0.6995 or 0.6981 offers support. Stop loss below 0.6935 zone.
AUD-USD	It should try higher up to 0.9144 - 0.9173. Entry point 0.9115 or 0.9099. After this rise, a correction is expected.
EUR-JPY	Market should hold major support at 121.28 before rising towards 123.19 or even 124.01 limit.
EUR-CHF	It looks set to visit further lower territory down to around 1.4621 - 1.4616. Its corrective attempts should fail ahead of 1.4630 or 1.4633. Stop loss above 1.4643 zone.
EUR-GBP	Should test support at 0.9045 while below 0.9069. If support at 0.9045 holds it can rise up to 0.9095, if not it should fall to below 0.9021 zone.
EUR-CAD	Current fall is near an end of wave around 1.3900 zone, a rally should then procede to above 1.4013. Fall below 1.3845 would cancel this scenario.
EUR-NZD	Market should not go lower than 1.9344 - 1.9285. After this move down it should go up to 1.9438 - 1.9472 area.
EUR-AUD	Market should not go lower than 1.4869 - 1.4822. After this move down it should go up to 1.4944 - 1.4973 area.
GBP-CHF	It may meet resistance in 1.6124 - 1.6125 zone for a drift down to 1.6076 zone, after which bounce to 1.6173 is anticipated.
GBP-JPY	Current fall is near an end of wave around 133.86 zone, a rally should then procede to above 136.04. Fall below 132.80 would cancel this scenario.
GBP-CAD	It may meet resistance in 1.5387 - 1.5403 zone for a drift down to 1.5323 zone, after which bounce to 1.5467 is anticipated.
GBP-AUD	It looks set to visit further lower territory down to around 1.6399 - 1.6339. Its corrective attempts should fail ahead of 1.6399 - 1.6528. Stop loss above 1.6650 zone.
CAD-JPY	Market should hold major support at 87.07 before rising towards 88.11 or even 88.53 limit.
NZD-JPY	Market should hold major support at 62.66 before rising towards 63.54 or even 63.85 limit.
AUD-JPY	It should test 83.13 area after which a sell off down to 81.57 or extended to 80.91 area is expected.
XAG-USD	It may attempt a test higher to 17.33 - 17.48 after which weakness may set it to a drift down to 16.95 limit.
XAU-USD	Market should hold major support at 1104.13 before rising towards 1128.43 or even 1134.97 limit.

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.