Daily Market Comments - Thursday 27 May 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.2171 - 1.2099. After this move down it should go up to 1.2282 - 1.2320 area.
USD-CHF	It should be subject to more sell off towards 1.1559 or 1.1538. Corrective upward swings should face resistance around 1.1672 area. A break of 1.1690 is bullish.
GBP-USD	No comment!
USD-JPY	Support at 89.88 or 89.61 should hold. Then a correction to above 90.99 is anticipated. A clear break of 89.29 is again bearish.
USD-CAD	It should trade lower to 1.0612. Resistances are at 1.0776 and 1.0843. A break of 1.0941 is bullish, confirmed by a close above 1.0802.
NZD-USD	Prefer a fall to 0.6618 or 0.6577. Then a correction to 0.6687 is anticipated. A clear break of 0.6523 is again bearish.
AUD-USD	Current move should be supported in 0.8203 - 0.8141 zone for a rise to 0.8340. A break below 0.8066 opens the way down.
EUR-JPY	It might hold above 109.47 or around 109.41 for a rise towards above 111.20. Stop loss below 108.63 zone.
EUR-CHF	Market should not go lower than 1.4047. After this move down it should go up to 1.4242 area.
EUR-GBP	Market should not go lower than 0.8459 - 0.8418. After this move down it should go up to 0.8523 - 0.8546 area.
EUR-CAD	It looks set to visit further lower territory down to around 1.3003 - 1.2935. Its corrective attempts should fail ahead of 1.3003 - 1.3177. Stop loss above 1.3313 zone.
EUR-NZD	It may attempt a test higher to 1.8439 - 1.8526 after which weakness may set it to a drift down to 1.8195 limit.
EUR-AUD	Market should hold major support at 1.4609 before rising towards 1.5006 or even 1.5188 limit.
GBP-CHF	It may attempt a test higher to 1.6722 - 1.6767 after which weakness may set it to a drift down to 1.6608 limit.
GBP-JPY	No comment!
GBP-CAD	It should be subject to more sell off towards 1.5331 or 1.5297. Corrective upward swings should face resistance around 1.5538 area. A break of 1.5549 is bullish.
GBP-AUD	It may attempt a test higher to 1.7527 - 1.7640 after which weakness may set it to a drift down to below 1.7287 limit.
CAD-JPY	Support at 83.89 or 83.35 should hold. Then a correction to above 86.12 is anticipated. A clear break of 82.74 is again bearish.
NZD-JPY	Support at 59.54 or 59.02 should hold. Then a correction to above 61.70 is anticipated. A clear break of 58.43 is again bearish.
AUD-JPY	Current move should be supported in 73.81 - 73.11 zone for a rise to 75.28. A break below 72.33 opens the way down.
XAG-USD	Resistances lie around 18.24 and 18.34. It should test lower towards 17.87 zone. A clear break of 17.89 would be bearish.
XAU-USD	While below 1214.22 - 1218.67 it is more likely to fall further towards 1206.35 or 1202.92. Premature rise above 1218.67 could see it rising above 1225.53 zone.

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.