Weekly Market Comments - Monday 14 June 2010

[RTFX-Trading]

EUR-USD	It should test 1.2252 area after which a sell off down to 1.1929 or extended to 1.1765 area is expected.
USD-CHF	It is likely to fall towards 1.1452 - 1.1378 as its corrective rally could falter in 1.1590 - 1.1654 area. Stop above 1.1802 zone.
GBP-USD	It looks more likely that it would rise to 1.4742 - 1.4957 from 1.4437 or 1.4330. After which a downside move is expected.
USD-JPY	Currently uptrend should end around 91.88 - 92.23 area. A correction down to below 90.99 is expected. A rise above 92.78 will abort the expected correction.
USD-CAD	No comment!
NZD-USD	Corrective dips should ideally halt near 0.6741 or 0.6685 for one more thrust upwards towards 0.6910 - 0.7022 area or 0.7135 in extention. Fall below 0.6461 puts it back on a downward path.
AUD-USD	It looks set for gains to 0.8648. Supports at 0.8293 and 0.8221. A break of 0.7939 will damage this bullish structure.
EUR-JPY	It may attempt a test higher to 111.14 - 112.16 after which weakness may set it to a drift down to below 108.84 limit.
EUR-CHF	It should try higher up to 1.3931 - 1.3997. Entry point 1.3866 or 1.3825. After this rise, a correction is expected.
EUR-GBP	It should try higher up to 0.8331 - 0.8371. Entry point 0.8291 or 0.8268. After this rise, a correction is expected.
EUR-CAD	It may meet resistance in 1.2502 - 1.2561 zone for a drift down to 1.2393 zone, after which bounce to 1.2670 is anticipated.
EUR-NZD	Market should not go lower than 1.7502 - 1.7294. After this move down it should go up to 1.7815 - 1.7921 area.
EUR-AUD	There is bearish potential for a fall to 1.4215 - 1.4040 while 1.4391 - 1.4481 resist. After this fall a recovery up to 1.4481 or 1.4571 is expected.
GBP-CHF	It is likely to fall towards 1.6623 - 1.6526 as its corrective rally could falter in 1.6816 - 1.6911 area. Stop above 1.7106 zone.
GBP-JPY	It should find support in 131.81 - 130.69 area for a rally to 137.65. Unexpected fall below 128.20 will dent this bullish view.
GBP-CAD	There is bearish potential for a fall to 1.4880 while 1.5145 - 1.5214 resist. After this fall a recovery up to 1.5214 or 1.5283 is expected.
GBP-AUD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.7894 or under 1.7078 limits.
CAD-JPY	It should trade higher to 90.09 while 86.94 or 86.24 offers support. Stop loss below 83.79 zone.
NZD-JPY	It should trade higher to 64.51 while 61.63 or 61.05 offers support. Stop loss below 58.75 zone.
AUD-JPY	It should be subject to more sell off towards 75.83 or 75.10. Corrective upward swings should face resistance around 82.23 area. A break of 80.88 is bullish.
XAG-USD	It should be subject to more sell off towards 17.43 or 16.65. Corrective upward swings should face resistance around 18.90 area. A break of 19.31 is bullish.
XAU-USD	Resistances lie around 1239.52 and 1249.13. It should test lower towards 1207.63 zone. A clear break of 1217.65 would be bearish.

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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