Daily Market Comments - Friday 25 June 2010

[RTFX-Trading]

EUR-USD	Strength can extend to 1.2360 or even 1.2393 as declines are expected to find support at 1.2328 or 1.2297. Stop Loss below 1.2267 zone.
USD-CHF	Current fall is near an end of wave around 1.0983 zone, a rally should then procede to above 1.1067. Fall below 1.0942 would cancel this scenario.
GBP-USD	Should fall around 1.4897 while below 1.4936 - 1.4974 zone. Then a recovery up to above 1.4974 is expected.
USD-JPY	It should try higher up to 89.80 - 89.99. Entry point 89.61 or 89.42. After this rise, a correction is expected.
USD-CAD	One move lower to 1.0380 or 1.0330 is anticipated while below 1.0450 - 1.0475 area. Stop loss above 1.0519 zone.
NZD-USD	While above 0.7059 - 0.7032 zone a corrective dip could test 0.7087 or 0.7138. After which it should resume his downtrend.
AUD-USD	No comment!
EUR-JPY	While below 110.77 it is more likely to fall further towards 109.70 level.
EUR-CHF	It looks set for gains to 1.3632. Supports at 1.3576 and 1.3558. A break of 1.3519 will damage this bullish structure.
EUR-GBP	Market should hold major support at 0.8198 before rising towards 0.8294 or even 0.8331 limit.
EUR-CAD	While below 1.2888 - 1.2933 it is more likely to fall further towards 1.2807 or 1.2771. Premature rise above 1.2933 could see it rising above 1.3004 zone.
EUR-NZD	It should trade higher to 1.7517 while 1.7379 or 1.7327 offers support. Stop loss below 1.7276 zone.
EUR-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4253 or 1.4308 if support around 1.4173 hold. After which a pullback to 1.4173 - 1.4133 zone is possible.
GBP-CHF	There are initial signs of a good corrective recovery towards 1.6526 or even 1.6554. Supports at 1.6453 and 1.6410 zone.
GBP-JPY	There is bearish potential for a fall to 133.26 while 134.07 - 134.37 resist. After this fall a recovery up to 134.37 or 134.67 is expected.
GBP-CAD	Should test support at 1.5500 while below 1.5578. If support at 1.5500 holds it can rise up to 1.5663, if not it should fall to below 1.5423 zone.
GBP-AUD	While below 1.7285 - 1.7359 it is more likely to fall further towards 1.7148 or 1.7085. Premature rise above 1.7359 could see it rising above 1.7484 zone.
CAD-JPY	It may meet resistance in 85.93 - 85.96 zone for a drift down to 85.24 zone, after which bounce to 86.65 is anticipated.
NZD-JPY	It is likely to fall towards 62.78 - 62.08 unless a corrective rally breaks the 63.85 resistance. Stop above 64.20 zone.
AUD-JPY	It looks set to visit further lower territory down to around 77.40 - 76.90. Its corrective attempts should fail ahead of 77.40 - 78.67. Stop loss above 79.67 zone.
XAG-USD	It may attempt a test higher to 18.76 - 18.95 after which weakness may set it to a drift down to 18.32 limit.
XAU-USD	It looks set for gains to 1252.08. Supports at 1235.62 and 1231.28. A break of 1219.17 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

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.