Daily Market Comments - Thursday 24 June 2010

[RTFX-Trading]

EUR-USD	It should be subject to more sell off towards 1.2260 or 1.2232. Corrective upward swings should face resistance around 1.2377 area. A break of 1.2422 is bullish.
USD-CHF	No comment!
GBP-USD	Currently uptrend should end around 1.5046 - 1.5019 area. A correction down to below 1.4848 is expected. A rise above 1.5082 will abort the expected correction.
USD-JPY	Market should pop up towards 90.20 or 90.36 this bullish scenario would be damaged if 89.77 - 89.50 zone is broken, a severe break down could then occur.
USD-CAD	While below 1.0428 - 1.0480 it is more likely to fall further towards 1.0335 or 1.0293. Premature rise above 1.0480 could see it rising above 1.0563 zone.
NZD-USD	Current rise seems to be over near 0.7149 or 0.7189 for a retracement towards 0.7108 - 0.7082 area.
AUD-USD	If market stays below 0.8759 a fall to 0.8672 is expected. If market breaks the point 0.8792 it could reach the sky.
EUR-JPY	Current fall is near an end of wave around 109.85 zone, a rally should then procede to above 111.33. Fall below 109.13 would cancel this scenario.
EUR-CHF	It should try higher up to 1.3610. Entry point 1.3589 or 1.3575. After this rise, a correction is expected.
EUR-GBP	It may meet resistance in 0.8231 - 0.8240 zone for a drift down to 0.8192 zone, after which bounce to 0.8279 is anticipated.
EUR-CAD	Current rise seems to be over near 1.2804 or 1.2869 for a retracement towards 1.2739 - 1.2704 area.
EUR-NZD	Market should not go lower than 1.7219 - 1.7143. After this move down it should go up to 1.7348 - 1.7401 area.
EUR-AUD	It should trade higher to 1.4149 while 1.4077 or 1.4047 offers support. Stop loss below 1.4017 zone.
GBP-CHF	Currently uptrend should end around 1.6605 - 1.6607 area. A correction down to below 1.6424 is expected. A rise above 1.6685 will abort the expected correction.
GBP-JPY	There are initial signs of a good corrective recovery to at least 134.97 or even above 135.61. Supports at 134.02 zone.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5724 or 1.5669 if support around 1.5444 hold. After which a pullback to 1.5444 - 1.5384 zone is possible.
GBP-AUD	While below 1.7140 - 1.7198 it is more likely to fall further towards 1.7041 or 1.7001. Premature rise above 1.7198 could see it rising above 1.7279 zone.
CAD-JPY	It looks set to visit further lower territory down to around 86.22 - 85.57. Its corrective attempts should fail ahead of 86.22 - 87.68. Stop loss above 88.97 zone.
NZD-JPY	If market stays below 64.31 a fall to 63.56 is expected. If market breaks the point 64.58 it could reach the sky.
AUD-JPY	Current fall is near an end of wave around 77.90 zone, a rally should then procede to above 79.09. Fall below 77.33 would cancel this scenario.
XAG-USD	No comment!
XAU-USD	It looks set for gains to 1247.60. Supports at 1231.00 and 1225.85. A break of 1214.40 will damage this bullish structure.

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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