Daily Market Comments - Tuesday 29 June 2010

[RTFX-Trading]

EUR-USD	Prefer a fall to 1.2271 or 1.2229. Then a correction to 1.2337 is anticipated. A clear break of 1.2181 is again bearish.
USD-CHF	It may meet resistance in 1.0868 - 1.0876 zone for a drift down to 1.0809 zone, after which bounce to 1.0936 is anticipated.
GBP-USD	Current rise should end around 1.5149. Objectives of this downmove are 1.5038 or 1.4972. A rise above 1.5195 is again bullish.
USD-JPY	Market should hold major support at 89.06 before rising towards 89.53 or even 89.70 limit.
USD-CAD	It should try higher up to 1.0365 - 1.0380. Entry point 1.0350 or 1.0339. After this rise, a correction is expected.
NZD-USD	Support at 0.7071 or 0.7043 should hold. Then a correction to above 0.7195 is anticipated. A clear break of 0.7004 is again bearish.
AUD-USD	There are initial signs of a good corrective recovery towards 0.8749 or even 0.8763. Supports at 0.8714 and 0.8694 zone.
EUR-JPY	Market should not go lower than 109.66 - 109.27. After this move down it should go up to 110.26 - 110.48 area.
EUR-CHF	Market should not go lower than 1.3229. After this move down it should go up to 1.3479 area.
EUR-GBP	Market should not go lower than 0.8083. After this move down it should go up to 0.8204 area.
EUR-CAD	Market should not go lower than 1.2651. After this move down it should go up to 1.2804 area.
EUR-NZD	It looks more likely that it would rise to 1.7459 - 1.7585 from 1.7312 or 1.7248. After which a downside move is expected.
EUR-AUD	It might hold above 1.4068 or 1.4026 for a rise towards above 1.4161. Stop loss below 1.3975 zone.
GBP-CHF	Market should hold major support at 1.6297 before rising towards 1.6498 or even 1.6581 limit.
GBP-JPY	Current rise should end around 135.43. Objectives of this downmove are 134.37 or 133.76. A rise above 135.88 is again bullish.
GBP-CAD	It should trade higher to 1.5692 while 1.5610 or 1.5586 offers support. Stop loss below 1.5563 zone.
GBP-AUD	It should try higher up to 1.7328 - 1.7381. Entry point 1.7276 or 1.7244. After this rise, a correction is expected.
CAD-JPY	Current upmove should be ended around 86.42 - 86.58. Any correction consolidation should find support in 86.10 - 85.94 zone.
NZD-JPY	No comment!
AUD-JPY	Current move should be supported in 77.77 - 77.54 zone for a rise to 78.38. A break below 77.15 opens the way down.
XAG-USD	Current move should be supported in 18.71 - 18.53 zone for a rise to 19.12. A break below 18.29 opens the way down.
XAU-USD	It looks more likely that it would rise to 1256.02 - 1272.98 from 1237.40 or 1228.92. After which a downside move is expected.

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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