Daily Market Comments - Thursday 25 March 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.3207. After this move down it should go up to 1.3412 - 1.3447 area.
USD-CHF	Current rise seems to be over near 1.0733 or 1.0791 for a retracement towards 1.0675 - 1.0643 area.
GBP-USD	Market should pop up towards 1.4959 or 1.4994 this bullish scenario would be damaged if 1.4867 - 1.4809 zone is broken, a severe break down could then occur.
USD-JPY	Current rise seems to be over near 92.29 or 92.93 for a retracement towards 91.64 - 91.26 area.
USD-CAD	Current rise seems to be over near 1.0265 or 1.0301 for a retracement towards 1.0229 - 1.0203 area.
NZD-USD	One more dip to 0.7009 is likely followed by a grind higher to 0.7060. After which it can resume its downtrend.
AUD-USD	Market should not go lower than 0.9076 - 0.9036. After this move down it should go up to 0.9142 - 0.9168 area.
EUR-JPY	It should try higher up to 122.92 - 123.42. Entry point 122.42 or 122.12. After this rise, a correction is expected.
EUR-CHF	It should test 1.4332 area after which a sell off down to 1.4246 or extended to 1.4202 area is expected.
EUR-GBP	Market should hold major support at 0.8906 before rising towards 0.8986 or even 0.9018 limit.
EUR-CAD	It may meet resistance in 1.3654 - 1.3660 zone for a drift down to 1.3600 zone, after which bounce to 1.3714 is anticipated.
EUR-NZD	It looks set to visit further lower territory down to around 1.8958 - 1.8899. Its corrective attempts should fail ahead of 1.8958 - 1.9087. Stop loss above 1.9204 zone.
EUR-AUD	It should try higher up to 1.4679 - 1.4702. Entry point 1.4656 or 1.4636. After this rise, a correction is expected.
GBP-CHF	It should trade higher to 1.6035 while 1.5912 or 1.5874 offers support. Stop loss below 1.5789 zone.
GBP-JPY	Currently uptrend should end around 137.29 - 137.89 area. A correction down to below 135.96 is expected. A rise above 138.63 will abort the expected correction.
GBP-CAD	One more dip to 1.5234 - 1.5203 is likely followed by a grind higher to 1.5287 - 1.5310. After which it can resume its downtrend.
GBP-AUD	It is likely to fall towards 1.6321 - 1.6269 unless a corrective rally breaks the 1.6402 resistance. Stop above 1.6428 zone.
CAD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 90.71 or 90.45 if support around 89.66 hold. After which a pullback to 89.66 - 89.40 zone is possible.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 65.12 or 65.18 if support around 64.41 hold. After which a pullback to 64.41 - 64.19 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 84.12 or 84.13 if support around 83.51 hold. After which a pullback to 83.51 - 83.32 zone is possible.
XAG-USD	Market should not go lower than 16.57 - 16.41. After this move down it should go up to 16.81 - 16.88 area.
XAU-USD	Market should not go lower than 1085.93 - 1079.28. After this move down it should go up to 1096.20 - 1099.83 area.

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

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