Daily Market Comments - Tuesday 15 June 2010

[RTFX-Trading]

EUR-USD	While below 1.2260 - 1.2307 it is more likely to fall further towards 1.2169 or 1.2126. Premature rise above 1.2307 could see it rising above 1.2394 zone.
USD-CHF	One more dip to 1.1386 - 1.1351 is likely followed by a grind higher to 1.1455 - 1.1490. After which it can resume his downtrend.
GBP-USD	Current rise seems to be over near 1.4775 or 1.4849 for a retracement towards 1.4700 - 1.4646 area.
USD-JPY	There are initial signs of a good corrective recovery towards 91.85 or even 91.99. Supports at 91.50 and 91.30 zone.
USD-CAD	It should trade higher to 1.0384 or above 1.0429 in extention. Supports at 1.0281 and 1.0259. Stop loss below 1.0179 zone.
NZD-USD	Resistances lie around 0.6984 and 0.7011. It should test lower towards 0.6894 zone. A clear break of 0.6919 would be bearish.
AUD-USD	Preferred view is for a fall to 0.8549 - 0.8509 while 0.8627 - 0.8666 area resists. A clear break of 0.8745 would be bullish.
EUR-JPY	Resistances lie around 112.40 and 112.83. It should test lower towards 111.06 zone. A clear break of 111.78 would be bearish.
EUR-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4002 or 1.4003 if support around 1.3938 hold. After which a pullback to 1.3938 - 1.3915 zone is possible.
EUR-GBP	There are initial signs of a good corrective recovery towards 0.8325 or even 0.8338. Supports at 0.8288 and 0.8264 zone.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2703 or 1.2680 if support around 1.2595 hold. After which a pullback to 1.2595 - 1.2572 zone is possible.
EUR-NZD	It should be subject to more sell off towards 1.7543 or 1.7514. Corrective upward swings should face resistance around 1.7646 area. A break of 1.7707 is bullish.
EUR-AUD	It should trade higher to 1.4289 or above 1.4346 in extention. Supports at 1.4193 and 1.4165. Stop loss below 1.4097 zone.
GBP-CHF	It should try higher up to 1.6852 - 1.6909. Entry point 1.6796 or 1.6759. After this rise, a correction is expected.
GBP-JPY	Current upmove should be ended around 135.45 - 136.13. Any correction consolidation should find support in 134.21 - 133.64 zone.
GBP-CAD	It should trade higher to 1.5322 while 1.5128 or 1.5087 offers support. Stop loss below 1.4934 zone.
GBP-AUD	It should test 1.7293 area after which a sell off down to 1.7063 or extended to 1.6959 area is expected.
CAD-JPY	Preferred view is for a fall to 88.54 - 88.11 while 89.19 - 89.43 area resists. A clear break of 90.27 would be bullish.
NZD-JPY	Resistances lie around 64.02 and 64.27. It should test lower towards 63.13 zone. A clear break of 63.15 would be bearish.
AUD-JPY	Resistances lie around 79.12 and 79.48. It should test lower towards 77.92 zone. A clear break of 78.27 would be bearish.
XAG-USD	Preferred view is for a fall to 18.23 - 18.12 while 18.40 - 18.46 area resists. A clear break of 18.68 would be bullish.
XAU-USD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1234.25 or under 1216.20 limits.

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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