Daily Market Comments - Tuesday 22 June 2010

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.2418 - 1.2523 from 1.2308 or 1.2255. After which a downside move is expected.
USD-CHF	It should trade higher to 1.1173 or above 1.1223 in extention. Supports at 1.1063 and 1.1037. Stop loss below 1.0952 zone.
GBP-USD	It looks more likely that it would rise to 1.4883 - 1.5009 from 1.4748 or 1.4685. After which a downside move is expected.
USD-JPY	It should trade higher to 91.62 while 90.96 or 90.70 offers support. Stop loss below 90.44 zone.
USD-CAD	It should test 1.0326 area after which a sell off down to 1.0167 or extended to 1.0091 area is expected.
NZD-USD	Should fall around 0.7052 while below 0.7082 - 0.7117 zone. Then a recovery up to above 0.7117 is expected.
AUD-USD	Should fall around 0.8726 while below 0.8765 - 0.8812 zone. Then a recovery up to above 0.8812 is expected.
EUR-JPY	While below 112.79 - 113.11 it might drop to 111.54 or 110.91.
EUR-CHF	It should register further gains to 1.3750 while 1.3653 - 1.3611 caps downside attempts. Stop loss below 1.3556 zone.
EUR-GBP	While above 0.8337 - 0.8323 zone a corrective dip could test 0.8351 or 0.8373. After which it should resume his downtrend.
EUR-CAD	One more dip to 1.2583 is likely followed by a grind higher to 1.2685. After which it can resume its downtrend.
EUR-NZD	It may meet resistance in 1.7385 - 1.7405 zone for a drift down to 1.7303 zone, after which bounce to 1.7486 is anticipated.
EUR-AUD	It may meet resistance in 1.4048 - 1.4070 zone for a drift down to 1.3984 zone, after which bounce to 1.4134 is anticipated.
GBP-CHF	It looks set to visit further lower territory down to around 1.6382 - 1.6339. Its corrective attempts should fail ahead of 1.6382 - 1.6499. Stop loss above 1.6585 zone.
GBP-JPY	While below 135.24 - 135.66 it might drop to 133.60 or 132.75.
GBP-CAD	Market should hold major support at 1.5004 before rising towards 1.5184 or even 1.5253 limit.
GBP-AUD	It may meet resistance in 1.6837 - 1.6850 zone for a drift down to 1.6763 zone, after which bounce to 1.6924 is anticipated.
CAD-JPY	Resistances lie around 89.50 and 89.83. It should test lower towards 88.29 zone. A clear break of 88.31 would be bearish.
NZD-JPY	Resistances lie around 64.92 and 65.15. It should test lower towards 64.05 zone. A clear break of 64.03 would be bearish.
AUD-JPY	Resistances lie around 80.36 and 80.70. It should test lower towards 79.16 zone. A clear break of 79.36 would be bearish.
XAG-USD	It looks more likely that it would rise to 19.24 - 19.76 from 18.70 or 18.45. After which a downside move is expected.
XAU-USD	There is bearish potential for a fall to 1221.27 while 1243.28 - 1249.52 resist. After this fall a recovery up to 1249.52 or 1255.77 is expected.

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.