Daily Market Comments - Wednesday 05 May 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.2853. After this move down it should go up to 1.3140 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1140 or 1.1096 if support around 1.0969 hold. After which a pullback to 1.0969 - 1.0936 zone is possible.
GBP-USD	One more dip to 1.5117 - 1.5068 is likely followed by a grind higher to 1.5204 - 1.5242. After which it can resume its downtrend.
USD-JPY	Resistances lie around 94.76 and 94.91. It should test lower towards 94.25 zone. A clear break of 94.31 would be bearish.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0266 or 1.0300 if support around 1.0202 hold. After which a pullback to 1.0202 - 1.0174 zone is possible.
NZD-USD	Market should not go lower than 0.7195 - 0.7156. After this move down it should go up to 0.7257 - 0.7280 area.
AUD-USD	Market should not go lower than 0.9086 - 0.9023. After this move down it should go up to 0.9180 - 0.9212 area.
EUR-JPY	Market should not go lower than 122.70 - 121.78. After this move down it should go up to 124.11 - 124.61 area.
EUR-CHF	Any possible decline should be supported around 1.4317 - 1.4309 zone for rally to above 1.4357. A clear break of 1.4293 will damage this expected rally.
EUR-GBP	Market should not go lower than 0.8523. After this move down it should go up to 0.8642 area.
EUR-CAD	It may meet resistance in 1.3312 - 1.3335 zone for a drift down to 1.3279 zone, after which bounce to 1.3367 is anticipated.
EUR-NZD	It may meet resistance in 1.8034 - 1.8062 zone for a drift down to 1.7975 zone, after which bounce to 1.8121 is anticipated.
EUR-AUD	It may attempt a test higher to 1.4318 - 1.4346 after which weakness may set it to a drift down to below 1.4234 limit.
GBP-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6801 or 1.6777 if support around 1.6649 hold. After which a pullback to 1.6649 - 1.6612 zone is possible.
GBP-JPY	There is bearish potential for a fall to 142.89 - 142.21 while 143.57 - 144.05 resist. After this fall a recovery up to 144.05 or 144.52 is expected.
GBP-CAD	It should be subject to more sell off towards 1.5398 or 1.5283. Corrective upward swings should face resistance around 1.5608 area. A break of 1.5680 is bullish.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6699 or 1.6764 if support around 1.6601 hold. After which a pullback to 1.6601 - 1.6550 zone is possible.
CAD-JPY	There is bearish potential for a fall to 92.15 - 91.55 while 92.74 - 93.11 resist. After this fall a recovery up to 93.11 or 93.48 is expected.
NZD-JPY	There is bearish potential for a fall to 67.50 while 68.44 - 68.73 resist. After this fall a recovery up to 68.73 or 69.02 is expected.
AUD-JPY	There is bearish potential for a fall to 85.83 - 85.11 while 86.54 - 86.94 resist. After this fall a recovery up to 86.94 or 87.33 is expected.
XAG-USD	Market should not go lower than 17.84 - 17.51. After this move down it should go up to 18.35 - 18.53 area.
XAU-USD	There is bearish potential for a fall to 1161.22 while 1176.78 - 1181.72 resist. After this fall a recovery up to 1181.72 or 1186.67 is expected.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
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.