Daily Market Comments - Friday 18 June 2010

[RTFX-Trading]

EUR-USD	It should try higher up to 1.2401 - 1.2453. Entry point 1.2348 or 1.2315. After this rise, a correction is expected.
USD-CHF	Market should not go lower than 1.1108 - 1.1034. After this move down it should go up to 1.1225 - 1.1268 area.
GBP-USD	It should be subject to more sell off towards 1.4701 or 1.4577. Corrective upward swings should face resistance around 1.4991 area. A break of 1.4962 is bullish.
USD-JPY	Market should hold major support at 90.36 before rising towards 91.46 or even 91.92 limit.
USD-CAD	It is a triangle configuration. Market should break either side. Acceleration should occur above 1.0339 or under 1.0225 limits.
NZD-USD	It should try higher up to 0.7046 - 0.7078. Entry point 0.7014 or 0.6997. After this rise, a correction is expected.
AUD-USD	Corrective dips should ideally halt near 0.8635 or 0.8617 for one more thrust upwards towards 0.8687 - 0.8722 area or 0.8757 in extention. Fall below 0.8548 puts it back on a downward path.
EUR-JPY	It may attempt a test higher to 112.97 - 113.41 after which weakness may set it to a drift down to 111.87 limit.
EUR-CHF	It looks set to visit further lower territory down to around 1.3759 - 1.3702. Its corrective attempts should fail ahead of 1.3759 - 1.3889. Stop loss above 1.4002 zone.
EUR-GBP	There are initial signs of a good corrective recovery towards 0.8377 or even 0.8390. Supports at 0.8348 and 0.8331 zone.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2789 or 1.2813 if support around 1.2706 hold. After which a pullback to 1.2706 - 1.2670 zone is possible.
EUR-NZD	Prefer a fall to below 1.7547. Then a correction to above 1.7719 is anticipated. A clear break of 1.7508 is again bearish.
EUR-AUD	Resistances lie around 1.4313 and 1.4337. It should test lower towards 1.4215 zone. A clear break of 1.4176 would be bearish.
GBP-CHF	Current fall is near an end of wave around 1.6390 zone, a rally should then procede to above 1.6625. Fall below 1.6294 would cancel this scenario.
GBP-JPY	It may attempt a test higher to 135.21 - 135.77 after which weakness may set it to a drift down to 133.81 limit.
GBP-CAD	Currently uptrend should end around 1.5263 - 1.5329 area. A correction down to 1.5155 - 1.5112 is expected. A rise above 1.5415 will abort the expected correction.
GBP-AUD	While below 1.7124 - 1.7157 it might drop to 1.6999 or 1.6931.
CAD-JPY	It should test 88.52 area after which a sell off down to 87.68 or extended to 86.02 area is expected.
NZD-JPY	Difficult to predict the next move. If first down it should hold 63.73 or 63.58. If first up it should face resistance in 64.14 - 64.40 zone to 63.58 zone.
AUD-JPY	It should test 79.96 area after which a sell off down to 78.29 or extended to 77.52 area is expected.
XAG-USD	Currently uptrend should end around 18.80 - 18.95 area. A correction down to below 18.41 is expected. A rise above 19.19 will abort the expected correction.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1252.99 or 1254.45 if support around 1241.75 hold. After which a pullback to 1241.75 - 1237.03 zone is possible.

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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