Daily Market Comments - Monday 28 June 2010

[RTFX-Trading]

EUR-USD	It should try higher up to 1.2390 - 1.2435. Entry point 1.2344 or 1.2319. After this rise, a correction is expected.
USD-CHF	Market should not go lower than 1.0926 - 1.0886. After this move down it should go up to 1.0988 - 1.1010 area.
GBP-USD	It should try higher up to 1.5066 - 1.5136. Entry point 1.4996 or 1.4960. After this rise, a correction is expected.
USD-JPY	Market should not go lower than 89.24 - 89.07. After this move down it should go up to 89.52 - 89.62 area.
USD-CAD	No comment!
NZD-USD	Difficult to predict the next move. If first down it should hold 0.7068 or 0.7039. If first up it should face resistance in 0.7149 - 0.7201 zone to 0.7039 zone.
AUD-USD	It may attempt a test higher to 0.8755 - 0.8808 after which weakness may set it to a drift down to 0.8645 limit.
EUR-JPY	It may attempt a test higher to 110.72 - 111.10 after which weakness may set it to a drift down to below 109.79 limit.
EUR-CHF	It should test 1.3544 area after which a sell off down to 1.3463 or extended to 1.3324 area is expected.
EUR-GBP	There is bearish potential for a fall to 0.8212 - 0.8192 while 0.8233 - 0.8247 resist. After this fall a recovery up to 0.8247 or 0.8262 is expected.
EUR-CAD	It should be subject to more sell off towards 1.2757 or 1.2686. Corrective upward swings should face resistance around 1.2856 area. A break of 1.2954 is bullish.
EUR-NZD	There are initial signs of a good corrective recovery towards 1.7479 or even 1.7618. Supports at 1.7320 and 1.7251 zone.
EUR-AUD	There are initial signs of a good corrective recovery towards 1.4235 or even 1.4268. Supports at 1.4143 and 1.4084 zone.
GBP-CHF	Market should hold major support at 1.6352 before rising towards 1.6511 or even 1.6560 limit.
GBP-JPY	It may attempt a test higher to 134.49 - 134.95 after which weakness may set it to a drift down to 133.54 limit.
GBP-CAD	It should be subject to more sell off towards 1.5546 or 1.5521. Corrective upward swings should face resistance around 1.5698 area. A break of 1.5705 is bullish.
GBP-AUD	Preferred view is for a fall to 1.7188 - 1.7124 while 1.7296 - 1.7340 area resists. A clear break of 1.7468 would be bullish.
CAD-JPY	It looks set for gains to 86.55. Supports at 85.93 and 85.74. A break of 85.30 will damage this bullish structure.
NZD-JPY	It should test 64.51 area after which a sell off down to 62.95 or extended to 62.15 area is expected.
AUD-JPY	It should test 79.07 area after which a sell off down to 77.31 or extended to 76.49 area is expected.
XAG-USD	Currently uptrend should end around 19.28 - 19.25 area. A correction down to below 18.73 is expected. A rise above 19.46 will abort the expected correction.
XAU-USD	Current rise should end around 1261.63. Objectives of this downmove are 1244.13 or 1233.82. A rise above 1268.82 is again bullish.

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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