Daily Market Comments - Monday 15 March 2010

[RTFX-Trading]

EUR-USD	Current upmove should be ended around 1.3779 - 1.3816. Any correction consolidation should find support in 1.3716 - 1.3689 zone.
USD-CHF	Market should not go lower than 1.0580 - 1.0541. After this move down it should go up to 1.0639 - 1.0660 area.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5279 or 1.5259 if support around 1.5143 hold. After which a pullback to 1.5143 - 1.5105 zone is possible.
USD-JPY	It looks more likely that it would rise to 90.98 - 91.49 from 90.32 or 90.07. After which a downside move is expected.
USD-CAD	It should register further gains to 1.0237 while 1.0141 - 1.0100 caps downside attempts. Stop loss below 1.0044 zone.
NZD-USD	While above 0.6999 - 0.6982 zone a corrective dip could test 0.7016 or 0.7048. After which it should resume his downtrend.
AUD-USD	While below 0.9156 or 0.9164 it could fall towards below 0.9133 or 0.9110. After which a corrective/consolidation activity is expected to 0.9175 zone.
EUR-JPY	While below 124.86 - 125.24 it is more likely to fall further towards 124.10 or 123.73. Premature rise above 125.24 could see it rising above 125.98 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.4543. Its corrective attempts should fail ahead of 1.4605. Stop loss above 1.4645 zone.
EUR-GBP	Market should pop up towards 0.9087 or 0.9101 this bullish scenario would be damaged if 0.9054 - 0.9035 zone is broken, a severe break down could then occur.
EUR-CAD	It looks more likely that it would rise to 1.4089 - 1.4166 from 1.3990 or 1.3952. After which a downside move is expected.
EUR-NZD	A correction down to 1.9545 or lower is now expected from 1.9638 or 1.9677. A break above 1.9731 is needed to turn bullish.
EUR-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5076 or 1.5071 if support around 1.5002 hold. After which a pullback to 1.5002 - 1.4982 zone is possible.
GBP-CHF	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.6121 or under 1.6036 limits.
GBP-JPY	While below 137.73 - 138.27 it is more likely to fall further towards 136.74 or 136.29. Premature rise above 138.27 could see it rising above 139.16 zone.
GBP-CAD	Strength can extend to 1.5490 or 1.5529 as declines are expected to find support at 1.5450 or 1.5416. A fall below 1.5382 could turn it bearish.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6644 or 1.6658 if support around 1.6525 hold. After which a pullback to 1.6525 - 1.6488 zone is possible.
CAD-JPY	Resistances lie around 89.23 and 89.57. It should test lower towards 88.17 zone. A clear break of 88.73 would be bearish.
NZD-JPY	While below 63.45 or 63.56 it could fall towards below 63.11 or 62.76. After which a corrective/consolidation activity is expected to 63.73 zone.
AUD-JPY	It looks more likely that it would rise to 83.41 - 83.98 from 82.74 or 82.45. After which a downside move is expected.
XAG-USD	While above 17.03 - 16.92 zone a corrective dip could test 17.13 or 17.30. After which it should resume his downtrend.
XAU-USD	Bullish reaction to above 1115.20 is anticipated from 1102.55 - 1100.48 zone. Stop loss below 1094.15 zone.

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