Daily Market Comments - Thursday 17 June 2010

[RTFX-Trading]

EUR-USD	Current upmove should continue to 1.2357 or 1.2404. Any correction should find support in 1.2306 - 1.2283 zone. A break above 1.2342 could accelerate the move up.
USD-CHF	It should try higher up to 1.1325 - 1.1350. Entry point 1.1300 or 1.1281. After this rise, a correction is expected.
GBP-USD	It looks more likely that it would rise to 1.4815 - 1.4900 from 1.4729 or 1.4686. After which a downside move is expected.
USD-JPY	One more dip to 91.27 or 91.09 is likely followed by a grind higher to 91.63 - 91.81. After which it can resume its downtrend.
USD-CAD	No comment!
NZD-USD	It looks set for gains to 0.7010. Supports at 0.6955 and 0.6939. A break of 0.6900 will damage this bullish structure.
AUD-USD	It should find support in 0.8540 area for a rally to 0.8772. Unexpected fall below 0.8498 will dent this bullish view.
EUR-JPY	Current upmove should be ended around 112.94 - 113.35. Any correction consolidation should find support in 112.15 - 111.76 zone.
EUR-CHF	Market should hold major support at 1.3857 before rising towards 1.3978 or even 1.4033 limit.
EUR-GBP	It should trade higher to 0.8382 while 0.8334 or 0.8321 offers support. Stop loss below 0.8309 zone.
EUR-CAD	Support at 1.2606 or 1.2583 should hold. Then a correction to above 1.2698 is anticipated. A clear break of 1.2557 is again bearish.
EUR-NZD	There are initial signs of a good corrective recovery towards 1.7703 or even 1.7735. Supports at 1.7623 and 1.7575 zone.
EUR-AUD	It looks more likely that it would rise to 1.4294 from 1.4232 or 1.4209. After which a downside move is expected.
GBP-CHF	It should register further gains to 1.6757 while 1.6602 - 1.6543 caps downside attempts. Stop loss below 1.6447 zone.
GBP-JPY	Current move should be supported in 134.62 - 134.17 zone for a rise to 135.61. A break below 133.63 opens the way down.
GBP-CAD	There is bearish potential for a fall to 1.5026 while 1.5146 - 1.5177 resist. After this fall a recovery up to 1.5177 or 1.5209 is expected.
GBP-AUD	It looks more likely that it would rise to 1.7171 - 1.7292 from 1.7047 or 1.6987. After which a downside move is expected.
CAD-JPY	It should trade higher to 89.78 while 89.02 or 88.76 offers support. Stop loss below 88.51 zone.
NZD-JPY	It should trade higher to 64.17 or above 64.52 in extention. Supports at 63.49 and 63.31. Stop loss below 62.81 zone.
AUD-JPY	It looks set for gains to 79.55. Supports at 78.60 and 78.32. A break of 77.65 will damage this bullish structure.
XAG-USD	There are initial signs of a good corrective recovery towards 18.57 or even 18.62. Supports at 18.44 and 18.36 zone.
XAU-USD	There are initial signs of a good corrective recovery towards 1233.60 or even 1235.78. Supports at 1228.12 and 1224.83 zone.

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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