Monthly Market Comments - Tuesday 01 June 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.1714. After this move down it should go up to 1.3055 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2087 or 1.1915 if support around 1.1329 hold. After which a pullback to 1.1329 - 1.1146 zone is possible.
GBP-USD	Market should pop up towards 1.4929 or 1.5163 this bullish scenario would be damaged if 1.4383 - 1.4069 zone is broken, a severe break down could then occur.
USD-JPY	It is likely to fall towards 89.61 - 87.82 as its corrective rally could falter in 93.13 - 94.85 area. Stop above 98.43 zone.
USD-CAD	There are initial signs of a good corrective recovery to at least 1.0649 or even above 1.0832. Supports at 1.0079 zone.
NZD-USD	Market should not go lower than 0.6683 - 0.6470. After this move down it should go up to 0.7064 - 0.7232 area.
AUD-USD	One more dip to 0.8263 is likely followed by a grind higher to 0.9134. After which it can resume its downtrend.
EUR-JPY	Market should not go lower than 104.19. After this move down it should go up to 118.89 - 122.24 area.
EUR-CHF	While below 1.4399 - 1.4531 it might drop to 1.3947 or 1.3683.
EUR-GBP	Market should not go lower than 0.8316. After this move down it should go up to 0.8708 area.
EUR-CAD	It looks set to visit further lower territory down to around 1.2751 - 1.2479. Its corrective attempts should fail ahead of 1.2751 - 1.3398. Stop loss above 1.3943 zone.
EUR-NZD	It is likely to fall towards 1.7346 - 1.6608 unless a corrective rally breaks the 1.8478 resistance. Stop above 1.8847 zone.
EUR-AUD	While below 1.5005 - 1.5364 it might drop to 1.3831 or 1.3114.
GBP-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6961 or 1.7103 if support around 1.6598 hold. After which a pullback to 1.6598 - 1.6438 zone is possible.
GBP-JPY	It is likely to fall towards 129.71 - 124.64 as its corrective rally could falter in 138.80 - 142.82 area. Stop above 152.96 zone.
GBP-CAD	No comment!
GBP-AUD	While below 1.7482 - 1.7902 it is more likely to fall further towards 1.6345 or 1.5505.
CAD-JPY	It is likely to fall towards 84.77 - 81.72 as its corrective rally could falter in 90.66 - 93.49 area. Stop above 99.60 zone.
NZD-JPY	Market should not go lower than 60.40 - 57.40. After this move down it should go up to 65.74 - 68.10 area.
AUD-JPY	It is likely to fall towards 74.55 - 70.08 as its corrective rally could falter in 82.58 - 86.14 area. Stop above 95.09 zone.
XAG-USD	While below 19.20 - 19.91 it is more likely to fall further towards 17.16 or 15.74.
XAU-USD	Strength can extend to 1232.85 or 1258.22 as declines are expected to find support at 1207.48 or 1186.50. A fall below 1165.52 could turn it bearish.

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.