Weekly Market Comments - Monday 07 June 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.1738. After this move down it should go up to 1.2228 area.
USD-CHF	Currently uptrend should end around 1.1675 - 1.1760 area. A correction down to below 1.1448 is expected. A rise above 1.1902 will abort the expected correction.
GBP-USD	Resistances lie around 1.4622 and 1.4687. It should test lower towards 1.4344 zone. A clear break of 1.4222 would be bearish.
USD-JPY	Resistances lie around 92.29 and 92.88. It should test lower towards 90.53 zone. A clear break of 91.68 would be bearish.
USD-CAD	It may attempt a test higher to 1.0616 - 1.0710 after which weakness may set it to a drift down to below 1.0418 limit.
NZD-USD	Current move should be supported in 0.6691 - 0.6622 zone for a rise to 0.6838. A break below 0.6545 opens the way down.
AUD-USD	There is bearish potential for a fall to 0.8217 - 0.8116 while 0.8319 - 0.8372 resist. After this fall a recovery up to 0.8372 or 0.8424 is expected.
EUR-JPY	Prefer a fall to 109.57 or 108.03. Then a correction to 111.95 is anticipated. A clear break of 106.34 is again bearish.
EUR-CHF	Market should not go lower than 1.3646. After this move down it should go up to 1.4080 - 1.4152 area.
EUR-GBP	Market should not go lower than 0.8089. After this move down it should go up to 0.8444 area.
EUR-CAD	It may meet resistance in 1.2692 - 1.2738 zone for a drift down to 1.2506 zone, after which bounce to 1.2923 is anticipated.
EUR-NZD	Current fall is near an end of wave around 1.7621 zone, a rally should then procede to above 1.8176. Fall below 1.7381 would cancel this scenario.
EUR-AUD	It should test 1.4583 area after which a sell off down to 1.4358 or extended to 1.4160 area is expected.
GBP-CHF	Resistances lie around 1.6946 and 1.7028. It should test lower towards 1.6651 zone. A clear break of 1.6669 would be bearish.
GBP-JPY	Resistances lie around 134.57 and 135.83. It should test lower towards 130.22 zone. A clear break of 130.93 would be bearish.
GBP-CAD	Strength can extend to 1.5569 as declines are expected to find support at 1.5234. A fall below 1.5125 could turn it bearish.
GBP-AUD	Currently uptrend should end around 1.7684 - 1.7912 area. A correction down to below 1.7149 is expected. A rise above 1.8219 will abort the expected correction.
CAD-JPY	Resistances lie around 88.08 and 88.83. It should test lower towards 84.96 zone. A clear break of 83.84 would be bearish.
NZD-JPY	It looks more likely that it would rise to 63.37 - 65.30 from 61.07 or 60.10. After which a downside move is expected.
AUD-JPY	It looks more likely that it would rise to 77.92 - 80.45 from 75.20 or 73.94. After which a downside move is expected.
XAG-USD	There is bearish potential for a fall to 17.36 - 16.91 while 17.80 - 18.06 resist. After this fall a recovery up to 18.06 or 18.31 is expected.
XAU-USD	Strength can extend to 1223.45 or even higher than 1232.27 as declines are expected to find support at 1207.42 or 1200.22. A fall below 1182.58 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.