Weekly Market Comments - Monday 21 June 2010

[RTFX-Trading]

EUR-USD	One move lower to 1.2188 or 1.2002 is anticipated while below 1.2395 - 1.2488 area. Stop loss above 1.2602 zone.
USD-CHF	Market should not go lower than 1.0853. After this move down it should go up to 1.1359 area.
GBP-USD	Current rise should end around 1.4955. Objectives of this downmove are 1.4620 or 1.4418. A rise above 1.5088 is again bullish.
USD-JPY	Market should not go lower than 90.60 - 90.09. After this move down it should go up to 91.43 - 91.75 area.
USD-CAD	It may meet resistance in 1.0213 - 1.0262 zone for a drift down to 1.0163 zone, after which bounce to 1.0312 is anticipated.
NZD-USD	One move lower to 0.6934 or 0.6819 is anticipated while below 0.7061 - 0.7119 area. Stop loss above 0.7187 zone.
AUD-USD	One move lower to 0.8567 or 0.8433 is anticipated while below 0.8707 - 0.8774 area. Stop loss above 0.8847 zone.
EUR-JPY	While below 112.80 - 113.45 it is more likely to fall further towards 111.57 or 110.99. Premature rise above 113.45 could see it rising above 114.61 zone.
EUR-CHF	There is bearish potential for a fall to 1.3720 - 1.3613 while 1.3827 - 1.3881 resist. After this fall a recovery up to 1.3881 or 1.3935 is expected.
EUR-GBP	Current rise seems to be over near 0.8372 or 0.8409 for a retracement towards 0.8335 - 0.8305 area.
EUR-CAD	While above 1.2573 - 1.2504 zone a corrective dip could test 1.2641 or 1.2774. After which it should resume his downtrend.
EUR-NZD	No comment!
EUR-AUD	One more dip to 1.4189 - 1.4130 is likely followed by a grind higher to 1.4341.
GBP-CHF	There is bearish potential for a fall to 1.6418 - 1.6249 while 1.6586 - 1.6681 resist. After this fall a recovery up to 1.6681 or 1.6775 is expected.
GBP-JPY	Resistances lie around 135.24 and 135.85. It should test lower towards 133.29 zone. A clear break of 134.14 would be bearish.
GBP-CAD	It looks set to visit further lower territory down to around 1.5077 - 1.5002. Its corrective attempts should fail ahead of 1.5077 - 1.5290. Stop loss above 1.5442 zone.
GBP-AUD	It should register further gains to 1.7229 while 1.6914 - 1.6792 caps downside attempts. Stop loss below 1.6599 zone.
CAD-JPY	While below 89.33 - 89.88 it is more likely to fall further towards 88.26 or 87.75. Premature rise above 89.88 could see it rising above 90.91 zone.
NZD-JPY	While below 64.20 - 64.68 it is more likely to fall further towards 63.37 or 63.01. Premature rise above 64.68 could see it rising above 65.39 zone.
AUD-JPY	One move lower to 77.78 or 76.61 is anticipated while below 79.28 - 79.87 area. Stop loss above 80.78 zone.
XAG-USD	One move lower to 18.49 or 17.82 is anticipated while below 19.22 - 19.55 area. Stop loss above 19.94 zone.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1267.43 or 1273.47 if support around 1244.83 hold. After which a pullback to 1244.83 - 1236.05 zone is possible.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.