Daily Market Comments - Wednesday 24 March 2010

[RTFX-Trading]

EUR-USD	It might hold above 1.3485 or around 1.3476 for a rise towards above 1.3551. Stop loss below 1.3457 zone.
USD-CHF	There is bearish potential for a fall to 1.0536 while 1.0588 - 1.0608 resist. After this fall a recovery up to 1.0608 or 1.0628 is expected.
GBP-USD	One more dip to 1.5004 or 1.4968 is likely followed by a grind higher to 1.5074 - 1.5107. After which it can resume its downtrend.
USD-JPY	It should be subject to more sell off towards 90.26 or 90.19. Corrective upward swings should face resistance around 90.84 area. A break of 90.75 is bullish.
USD-CAD	It looks more likely that it would rise to 1.0213 - 1.0260 from 1.0159 or 1.0135. After which a downside move is expected.
NZD-USD	No comment!
AUD-USD	It should be subject to more sell off towards 0.9162 or 0.9150. Corrective upward swings should face resistance around 0.9227 area. A break of 0.9236 is bullish.
EUR-JPY	No comment!
EUR-CHF	Market should not go lower than 1.4267 - 1.4232. After this move down it should go up to 1.4323 - 1.4343 area.
EUR-GBP	There is bearish potential for a fall to 0.8954 while 0.8987 - 0.8997 resist. After this fall a recovery up to 0.8997 or 0.9008 is expected.
EUR-CAD	Market should not go lower than 1.3713 - 1.3679. After this move down it should go up to 1.3766 - 1.3786 area.
EUR-NZD	One more dip to 1.9097 - 1.9060 is likely followed by a grind higher to 1.9167 - 1.9201. After which it can resume his downtrend.
EUR-AUD	Market should not go lower than 1.4684 - 1.4649. After this move down it should go up to 1.4740 - 1.4759 area.
GBP-CHF	Prefer a fall to 1.5885 or 1.5839. Then a correction to 1.5961 is anticipated. A clear break of 1.5777 is again bearish.
GBP-JPY	It looks set for gains to 136.61. Supports at 135.63 and 135.32. A break of 134.64 will damage this bullish structure.
GBP-CAD	There is bearish potential for a fall to 1.5275 - 1.5238 while 1.5311 - 1.5335 resist. After this fall a recovery up to 1.5335 or 1.5358 is expected.
GBP-AUD	There is bearish potential for a fall to 1.6359 - 1.6323 while 1.6394 - 1.6415 resist. After this fall a recovery up to 1.6415 or 1.6435 is expected.
CAD-JPY	It should be subject to more sell off towards 88.63 or 88.48. Corrective upward swings should face resistance around 89.59 area. A break of 89.59 is bullish.
NZD-JPY	It may attempt a test higher to 63.92 - 64.05 after which weakness may set it to a drift down to 63.55 limit.
AUD-JPY	It should trade lower to 82.68. Resistances are at 83.36 and 83.60. A break of 84.04 is bullish, confirmed by a close above 83.68.
XAG-USD	It looks set for gains to 17.19. Supports at 16.87 and 16.78. A break of 16.55 will damage this bullish structure.
XAU-USD	It should trade higher to 1108.80 or above 1115.35 in extention. Supports at 1098.38 and 1095.10. Stop loss below 1087.95 zone.

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

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