Daily Market Comments - Wednesday 17 March 2010

[RTFX-Trading]

EUR-USD	It should trade higher to 1.3818 while 1.3737 or 1.3714 offers support. Stop loss below 1.3691 zone.
USD-CHF	No comment!
GBP-USD	It should trade higher to 1.5348 while 1.5163 or 1.5115 offers support. Stop loss below 1.5066 zone.
USD-JPY	It looks set to visit further lower territory down to around 90.12 - 89.92. Its corrective attempts should fail ahead of 90.12 - 90.67. Stop loss above 91.07 zone.
USD-CAD	Market should not go lower than 1.0136 - 1.0114. After this move down it should go up to 1.0171 - 1.0184 area.
NZD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7167 or 0.7174 if support around 0.7093 hold. After which a pullback to 0.7093 - 0.7072 zone is possible.
AUD-USD	Currently uptrend should end around 0.9208 - 0.9238 area. A correction down to 0.9159 - 0.9139 is expected. A rise above 0.9277 will abort the expected correction.
EUR-JPY	If market stays below 124.46 a fall to 123.48 is expected. If market breaks the point 124.87 it could reach the sky.
EUR-CHF	It should try higher up to 1.4527 - 1.4534. Entry point 1.4520 or 1.4515. After this rise, a correction is expected.
EUR-GBP	There is bearish potential for a fall to 0.8997 while 0.9059 - 0.9075 resist. After this fall a recovery up to 0.9075 or 0.9092 is expected.
EUR-CAD	Market should hold major support at 1.3919 before rising towards 1.3989 or even 1.4014 limit.
EUR-NZD	Market should not go lower than 1.9177. After this move down it should go up to 1.9439 area.
EUR-AUD	There is bearish potential for a fall to 1.4918 while 1.4988 - 1.5016 resist. After this fall a recovery up to 1.5016 or 1.5044 is expected.
GBP-CHF	Difficult to predict the next move. If first down it should hold 1.5996 or 1.5963. If first up it should face resistance in 1.6089 - 1.6149 zone to 1.5963 zone.
GBP-JPY	If market stays below 137.76 a fall to 135.93 is expected. If market breaks the point 138.61 it could reach the sky.
GBP-CAD	It looks set for gains to 1.5538. Supports at 1.5367 and 1.5330. A break of 1.5197 will damage this bullish structure.
GBP-AUD	Corrective dips should ideally halt near 1.6486 or 1.6432 for one more thrust upwards towards 1.6614 - 1.6688 area or 1.6795 in extention. Fall below 1.6283 puts it back on a downward path.
CAD-JPY	It should try higher up to 89.17 - 89.45. Entry point 88.89 or 88.68. After this rise, a correction is expected.
NZD-JPY	Current rise seems to be over near 64.38 or 64.71 for a retracement towards 64.05 - 63.88 area.
AUD-JPY	Corrective dips should ideally halt near 82.65 or 82.46 for one more thrust upwards towards 83.11 - 83.39 area or 83.77 in extention. Fall below 81.90 puts it back on a downward path.
XAG-USD	Current rise seems to be over near 17.46 or 17.58 for a retracement towards 17.34 - 17.27 area.
XAU-USD	Current rise seems to be over near 1127.50 or 1133.87 for a retracement towards 1121.13 - 1117.25 area.

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

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