Daily Market Comments - Thursday 11 March 2010

[RTFX-Trading]

EUR-USD	It looks set for gains to 1.3710. Supports at 1.3601 and 1.3574. A break of 1.3492 will damage this bullish structure.
USD-CHF	There is bearish potential for a fall to 1.0658 while 1.0726 - 1.0747 resist. After this fall a recovery up to 1.0747 or 1.0767 is expected.
GBP-USD	Market should hold major support at 1.4840 before rising towards 1.5038 or even 1.5099 limit.
USD-JPY	Currently uptrend should end around 90.67 - 90.94 area. A correction down to 90.18 - 89.97 is expected. A rise above 91.37 will abort the expected correction.
USD-CAD	It looks set to visit further lower territory down to around 1.0231 - 1.0211. Its corrective attempts should fail ahead of 1.0231 - 1.0285. Stop loss above 1.0325 zone.
NZD-USD	There are initial signs of a good corrective recovery towards 0.7060 or even 0.7076. Supports at 0.7015 and 0.6987 zone.
AUD-USD	Resistances lie around 0.9174 and 0.9190. It should test lower towards 0.9124 zone. A clear break of 0.9146 would be bearish.
EUR-JPY	It should trade higher to 124.46 while 123.17 or 122.75 offers support. Stop loss below 122.33 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.4604. Its corrective attempts should fail ahead of 1.4624. Stop loss above 1.4637 zone.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9155 or 0.9148 if support around 0.9104 hold. After which a pullback to 0.9104 - 0.9090 zone is possible.
EUR-CAD	It looks set for gains to 1.4033. Supports at 1.3961 and 1.3940. A break of 1.3888 will damage this bullish structure.
EUR-NZD	It may attempt a test higher to 1.9467 - 1.9555 after which weakness may set it to a drift down to below 1.9276 limit.
EUR-AUD	It should test 1.4997 area after which a sell off down to 1.4835 or extended to 1.4754 area is expected.
GBP-CHF	It looks set to visit further lower territory down to around 1.6014 - 1.5973. Its corrective attempts should fail ahead of 1.6014 - 1.6106. Stop loss above 1.6188 zone.
GBP-JPY	Market should hold major support at 134.35 before rising towards 136.33 or even 137.09 limit.
GBP-CAD	Current fall is near an end of wave around 1.5273 zone, a rally should then procede to above 1.5419. Fall below 1.5201 would cancel this scenario.
GBP-AUD	It should try higher up to 1.6387 - 1.6433. Entry point 1.6341 or 1.6304. After this rise, a correction is expected.
CAD-JPY	Currently uptrend should end around 88.54 - 88.91 area. A correction down to 87.88 - 87.60 is expected. A rise above 89.48 will abort the expected correction.
NZD-JPY	Resistances lie around 63.94 and 64.21. It should test lower towards 63.01 zone. A clear break of 63.19 would be bearish.
AUD-JPY	While below 83.10 - 83.40 it is more likely to fall further towards 82.52 or 82.25. Premature rise above 83.40 could see it rising above 83.94 zone.
XAG-USD	While above 16.98 - 16.76 zone a corrective dip could test 17.20 or 17.47. After which it should resume his downtrend.
XAU-USD	Market should not go lower than 1106.00 - 1098.62. After this move down it should go up to 1118.32 - 1123.27 area.

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