Daily Market Comments - Monday 07 June 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.1960 - 1.1876. After this move down it should go up to 1.2090 - 1.2136 area.
USD-CHF	Difficult to predict the next move. If first down it should hold 1.1519 or 1.1481. If first up it should face resistance in 1.1625 - 1.1694 zone to 1.1481 zone.
GBP-USD	Market should not go lower than 1.4464 - 1.4391. After this move down it should go up to 1.4578 - 1.4619 area.
USD-JPY	No comment!
USD-CAD	Current rise seems to be over near 1.0616 or 1.0700 for a retracement towards 1.0532 - 1.0486 area.
NZD-USD	Market should not go lower than 0.6692 - 0.6634. After this move down it should go up to 0.6782 - 0.6815 area.
AUD-USD	Market should not go lower than 0.8217 - 0.8130. After this move down it should go up to 0.8349 - 0.8395 area.
EUR-JPY	Market should not go lower than 109.57 - 108.29. After this move down it should go up to 111.55 - 112.27 area.
EUR-CHF	Market should not go lower than 1.3785. After this move down it should go up to 1.4041 area.
EUR-GBP	It looks set to visit further lower territory down to around 0.8260 - 0.8235. Its corrective attempts should fail ahead of 0.8260 - 0.8318. Stop loss above 0.8368 zone.
EUR-CAD	Market should hold major support at 1.2573 before rising towards 1.2747 or even 1.2802 limit.
EUR-NZD	It may attempt a test higher to 1.7899 - 1.7967 after which weakness may set it to a drift down to 1.7725 limit.
EUR-AUD	It looks set for gains to 1.4638. Supports at 1.4453 and 1.4412. A break of 1.4268 will damage this bullish structure.
GBP-CHF	One more dip to 1.6768 - 1.6714 is likely followed by a grind higher to 1.6872 - 1.6923. After which it can resume its downtrend.
GBP-JPY	Market should not go lower than 132.44 - 131.16. After this move down it should go up to 134.50 - 135.28 area.
GBP-CAD	Current rise seems to be over near 1.5359 or 1.5427 for a retracement towards 1.5291 - 1.5254 area.
GBP-AUD	Current rise seems to be over near 1.7612 or 1.7729 for a retracement towards 1.7496 - 1.7434 area.
CAD-JPY	Market should not go lower than 86.32 - 85.25. After this move down it should go up to 87.99 - 88.60 area.
NZD-JPY	Market should not go lower than 61.28 - 60.47. After this move down it should go up to 62.58 - 63.06 area.
AUD-JPY	Market should not go lower than 75.24 - 74.09. After this move down it should go up to 77.03 - 77.68 area.
XAG-USD	Current fall is near an end of wave around 17.13 zone, a rally should then procede to above 17.87. Fall below 16.84 would cancel this scenario.
XAU-USD	It should test 1236.70 area after which a sell off down to 1203.28 or extended to 1188.72 area 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.