Daily Market Comments - Tuesday 23 March 2010

[RTFX-Trading]

EUR-USD	Market should hold major support at 1.3463 before rising towards 1.3602 or even 1.3638 limit.
USD-CHF	It looks more likely that it would rise to 1.0638 from 1.0569 or 1.0539. After which a downside move is expected.
GBP-USD	It should test 1.5285 area after which a sell off down to 1.4991 or extended to 1.4872 area is expected.
USD-JPY	No comment!
USD-CAD	Resistances lie around 1.0212 and 1.0234. It should test lower towards 1.0138 zone. A clear break of 1.0152 would be bearish.
NZD-USD	It should try higher up to 0.7069 - 0.7091. Entry point 0.7046 or 0.7033. After this rise, a correction is expected.
AUD-USD	It should test 0.9281 area after which a sell off down to 0.9117 or extended to 0.9051 area is expected.
EUR-JPY	Market should hold major support at 120.79 before rising towards 122.87 or even 123.54 limit.
EUR-CHF	Market should hold major support at 1.4290 before rising towards 1.4377 or even 1.4406 limit.
EUR-GBP	There are initial signs of a good corrective recovery towards 0.9012 or even 0.9026. Supports at 0.8975 and 0.8951 zone.
EUR-CAD	If market stays below 1.3825 a fall to 1.3744 is expected. If market breaks the point 1.3859 it could reach the sky.
EUR-NZD	While below 1.9245 - 1.9288 it is more likely to fall further towards 1.9158 or 1.9115. Premature rise above 1.9288 could see it rising above 1.9374 zone.
EUR-AUD	It looks more likely that it would rise to 1.4831 - 1.4891 from 1.4763 or 1.4733. After which a downside move is expected.
GBP-CHF	It should try higher up to 1.5986 - 1.6031. Entry point 1.5941 or 1.5916. After this rise, a correction is expected.
GBP-JPY	It should try higher up to 136.16 - 136.69. Entry point 135.62 or 135.33. After this rise, a correction is expected.
GBP-CAD	It should test 1.5560 area after which a sell off down to 1.5235 or extended to 1.5000 area is expected.
GBP-AUD	It should test 1.6508 area after which a sell off down to 1.6367 or extended to 1.6282 area is expected.
CAD-JPY	One more dip to 88.11 - 87.73 is likely followed by a grind higher to 88.87 - 89.24. After which it can resume his downtrend.
NZD-JPY	It should try higher up to 63.85 - 64.13. Entry point 63.57 or 63.32. After this rise, a correction is expected.
AUD-JPY	Market should hold major support at 81.47 before rising towards 83.14 or even 83.55 limit.
XAG-USD	It should try higher up to 16.98 - 17.10. Entry point 16.86 or 16.79. After this rise, a correction is expected.
XAU-USD	It should try higher up to 1105.68 - 1110.07. Entry point 1101.28 or 1097.55. After this rise, a correction is expected.

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

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