Daily Market Comments - Tuesday 08 June 2010

[RTFX-Trading]

EUR-USD	It may meet resistance in 1.1923 - 1.1930 zone for a drift down to 1.1869 zone, after which bounce to 1.1984 is anticipated.
USD-CHF	While below 1.1653 - 1.1675 it is more likely to fall further towards 1.1608 or 1.1586. Premature rise above 1.1675 could see it rising above 1.1719 zone.
GBP-USD	One more dip to 1.4428 - 1.4383 is likely followed by a grind higher to 1.4515 - 1.4557. After which it can resume his downtrend.
USD-JPY	Current fall is near an end of wave around 90.87 zone, a rally should then procede to above 91.98. Fall below 90.37 would cancel this scenario.
USD-CAD	While below 1.0649 - 1.0693 it is more likely to fall further towards 1.0567 or 1.0529. Premature rise above 1.0693 could see it rising above 1.0769 zone.
NZD-USD	It may meet resistance in 0.6586 - 0.6628 zone for a drift down to 0.6541 zone, after which bounce to 0.6673 is anticipated.
AUD-USD	It may meet resistance in 0.8104 - 0.8143 zone for a drift down to 0.8058 zone, after which bounce to 0.8189 is anticipated.
EUR-JPY	It may meet resistance in 108.94 - 109.11 zone for a drift down to 107.91 zone, after which bounce to 110.14 is anticipated.
EUR-CHF	It may meet resistance in 1.3868 - 1.3887 zone for a drift down to 1.3832 zone, after which bounce to 1.3924 is anticipated.
EUR-GBP	One more dip to 0.8227 - 0.8202 is likely followed by a grind higher to 0.8271 - 0.8291. After which it can resume its downtrend.
EUR-CAD	It looks set for gains to 1.2733. Supports at 1.2618 and 1.2581. A break of 1.2502 will damage this bullish structure.
EUR-NZD	Current rise seems to be over near 1.8109 or 1.8212 for a retracement towards 1.8005 - 1.7951 area.
EUR-AUD	Currently uptrend should end around 1.4839 - 1.4780 area. A correction down to below 1.4584 is expected. A rise above 1.4846 will abort the expected correction.
GBP-CHF	It looks set to visit further lower territory down to around 1.6794 - 1.6753. Its corrective attempts should fail ahead of 1.6794 - 1.6909. Stop loss above 1.6990 zone.
GBP-JPY	One more dip to 131.64 - 130.91 is likely followed by a grind higher to 133.02 - 133.66. After which it can resume its downtrend.
GBP-CAD	Current rise seems to be over near 1.5385 or 1.5435 for a retracement towards 1.5336 - 1.5298 area.
GBP-AUD	Currently uptrend should end around 1.8063 - 1.7964 area. A correction down to below 1.7633 is expected. A rise above 1.8076 will abort the expected correction.
CAD-JPY	Current fall is near an end of wave around 85.00 zone, a rally should then procede to above 87.32. Fall below 83.93 would cancel this scenario.
NZD-JPY	It may meet resistance in 60.18 - 60.66 zone for a drift down to 59.65 zone, after which bounce to 61.19 is anticipated.
AUD-JPY	It may meet resistance in 74.04 - 74.46 zone for a drift down to 73.27 zone, after which bounce to 75.23 is anticipated.
XAG-USD	It should trade higher to 18.55 while 17.88 or 17.68 offers support. Stop loss below 17.48 zone.
XAU-USD	Current rise seems to be over near 1242.56 or 1253.18 for a retracement towards 1231.94 - 1225.53 area.

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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