Daily Market Comments - Friday 19 March 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.3525. After this move down it should go up to 1.3674 - 1.3703 area.
USD-CHF	There are initial signs of a good corrective recovery to at least 1.0614 or even above 1.0641. Supports at 1.0528 zone.
GBP-USD	There is bearish potential for a fall to 1.5199 while 1.5264 - 1.5287 resist. After this fall a recovery up to 1.5287 or 1.5311 is expected.
USD-JPY	It looks set for gains to 90.85. Supports at 90.06 and 89.81. A break of 89.26 will damage this bullish structure.
USD-CAD	It should trade higher to 1.0167 while 1.0128 or 1.0117 offers support. Stop loss below 1.0105 zone.
NZD-USD	While below 0.7146 or 0.7147 it could fall towards below 0.7119 or 0.7091. After which a corrective/consolidation activity is expected to 0.7160 zone.
AUD-USD	There is bearish potential for a fall to 0.9173 while 0.9208 - 0.9222 resist. After this fall a recovery up to 0.9222 or 0.9236 is expected.
EUR-JPY	Market should not go lower than 122.80 - 122.31. After this move down it should go up to 123.61 - 123.93 area.
EUR-CHF	One more dip to 1.4376 - 1.4339 is likely followed by a grind higher to 1.4442 - 1.4471. After which it can resume its downtrend.
EUR-GBP	It may meet resistance in 0.8925 - 0.8938 zone for a drift down to 0.8903 zone, after which bounce to 0.8960 is anticipated.
EUR-CAD	It may meet resistance in 1.3803 - 1.3822 zone for a drift down to 1.3759 zone, after which bounce to 1.3866 is anticipated.
EUR-NZD	Market should not go lower than 1.8921. After this move down it should go up to 1.9187 area.
EUR-AUD	One more dip to 1.4776 - 1.4735 is likely followed by a grind higher to 1.4843 - 1.4869. After which it can resume its downtrend.
GBP-CHF	It looks more likely that it would rise to 1.6209 - 1.6286 from 1.6106 or 1.6068. After which a downside move is expected.
GBP-JPY	One more dip to 137.39 - 137.00 is likely followed by a grind higher to 138.17 - 138.55. After which it can resume his downtrend.
GBP-CAD	It should test 1.5487 area after which a sell off down to 1.5404 or extended to 1.5342 area is expected.
GBP-AUD	No comment!
CAD-JPY	Market should pop up towards 89.31 or 89.50 this bullish scenario would be damaged if 88.91 - 88.69 zone is broken, a severe break down could then occur.
NZD-JPY	It should trade higher to 64.92 while 64.32 or 64.14 offers support. Stop loss below 63.71 zone.
AUD-JPY	It should be subject to more sell off towards 82.70 or 82.26. Corrective upward swings should face resistance around 83.25 area. A break of 83.93 is bullish.
XAG-USD	No comment!
XAU-USD	It should be subject to more sell off towards 1119.23 or 1113.12. Corrective upward swings should face resistance around 1128.15 area. A break of 1135.72 is bullish.

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.