Daily Market Comments - Friday 04 June 2010

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to 1.2158 - 1.2101 while 1.2214 - 1.2245 resist. After this fall a recovery up to 1.2245 or 1.2275 is expected.
USD-CHF	Market should hold major support at 1.1515 before rising towards 1.1594 or even 1.1622 limit.
GBP-USD	Current move should be supported in 1.4600 - 1.4552 zone for a rise to 1.4710. A break below 1.4491 opens the way down.
USD-JPY	One move lower to 92.23 or 91.76 is anticipated while below 92.76 - 93.00 area. Stop loss above 93.28 zone.
USD-CAD	It should test 1.0410 area after which a sell off down to 1.0336 or extended to 1.0271 area is expected.
NZD-USD	While below 0.6873 - 0.6902 it is more likely to fall further towards 0.6816 or 0.6788. Premature rise above 0.6902 could see it rising above 0.6958 zone.
AUD-USD	While below 0.8485 - 0.8525 it is more likely to fall further towards 0.8406 or 0.8368. Premature rise above 0.8525 could see it rising above 0.8602 zone.
EUR-JPY	There are initial signs of a good corrective recovery towards 113.46 or even 113.90. Supports at 112.45 and 111.88 zone.
EUR-CHF	Market should not go lower than 1.4061 - 1.4022. After this move down it should go up to 1.4122 - 1.4144 area.
EUR-GBP	There is bearish potential for a fall to 0.8320 - 0.8300 while 0.8340 - 0.8351 resist. After this fall a recovery up to 0.8351 or 0.8362 is expected.
EUR-CAD	It should register further gains to 1.2741 while 1.2603 - 1.2554 caps downside attempts. Stop loss below 1.2466 zone.
EUR-NZD	Market should not go lower than 1.7630. After this move down it should go up to 1.7936 area.
EUR-AUD	It should register further gains to 1.4518 while 1.4331 - 1.4266 caps downside attempts. Stop loss below 1.4145 zone.
GBP-CHF	Market should pop up towards 1.6947 or 1.6982 this bullish scenario would be damaged if 1.6873 - 1.6833 zone is broken, a severe break down could then occur.
GBP-JPY	Resistances lie around 135.95 and 136.42. It should test lower towards 134.56 zone. A clear break of 135.47 would be bearish.
GBP-CAD	It may meet resistance in 1.5203 - 1.5227 zone for a drift down to 1.5155 zone, after which bounce to 1.5274 is anticipated.
GBP-AUD	It may meet resistance in 1.7299 - 1.7332 zone for a drift down to 1.7221 zone, after which bounce to 1.7409 is anticipated.
CAD-JPY	One move lower to 88.31 or 87.49 is anticipated while below 89.41 - 89.82 area. Stop loss above 90.52 zone.
NZD-JPY	One move lower to 62.73 or 61.98 is anticipated while below 63.72 - 64.09 area. Stop loss above 64.71 zone.
AUD-JPY	One move lower to 77.33 or 76.34 is anticipated while below 78.66 - 79.16 area. Stop loss above 79.99 zone.
XAG-USD	Market should not go lower than 17.91 - 17.73. After this move down it should go up to 18.22 - 18.35 area.
XAU-USD	It looks set to visit further lower territory down to around 1203.92 - 1196.95. Its corrective attempts should fail ahead of 1203.92 - 1220.60. Stop loss above 1234.55 zone.

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

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