Daily Market Comments - Thursday 01 July 2010

[RTFX-Trading]

EUR-USD	Current upmove should be ended around 1.2270 - 1.2305. Any correction consolidation should find support in 1.2202 - 1.2167 zone.
USD-CHF	Market should not go lower than 1.0764 - 1.0733. After this move down it should go up to 1.0815 - 1.0836 area.
GBP-USD	Market should not go lower than 1.4877. After this move down it should go up to 1.5035 area.
USD-JPY	It may meet resistance in 88.43 - 88.52 zone for a drift down to 88.28 zone, after which bounce to 88.68 is anticipated.
USD-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0716 or 1.0702 if support around 1.0585 hold. After which a pullback to 1.0585 - 1.0552 zone is possible.
NZD-USD	It should register further gains to 0.6920 while 0.6807 - 0.6769 caps downside attempts. Stop loss below 0.6695 zone.
AUD-USD	Support at 0.8404 or 0.8350 should hold the downside for a correction to above 0.8514 zone.
EUR-JPY	It is likely to fall towards 107.55 - 106.90 unless a corrective rally breaks the 108.66 resistance. Stop above 108.99 zone.
EUR-CHF	Market should not go lower than 1.3180 - 1.3144. After this move down it should go up to 1.3236 - 1.3256 area.
EUR-GBP	Current rise seems to be over near 0.8207 or 0.8247 for a retracement towards 0.8167 - 0.8137 area.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3149 or 1.3106 if support around 1.2962 hold. After which a pullback to 1.2962 - 1.2917 zone is possible.
EUR-NZD	Currently uptrend should end around 1.8114 - 1.7975 area. A correction down to below 1.7674 is expected. A rise above 1.8076 will abort the expected correction.
EUR-AUD	Currently uptrend should end around 1.4742 - 1.4648 area. A correction down to below 1.4377 is expected. A rise above 1.4739 will abort the expected correction.
GBP-CHF	Market should not go lower than 1.5988. After this move down it should go up to 1.6259 area.
GBP-JPY	It may meet resistance in 132.60 - 132.89 zone for a drift down to below 131.59 zone.
GBP-CAD	Currently uptrend should end around 1.5909 - 1.5972 area. A correction down to below 1.5774 is expected. A rise above 1.6044 will abort the expected correction.
GBP-AUD	Currently uptrend should end around 1.7881 - 1.7867 area. A correction down to below 1.7620 is expected. A rise above 1.7952 will abort the expected correction.
CAD-JPY	Support at 83.06 or 82.49 should hold the downside for a correction to above 84.27 zone.
NZD-JPY	It may meet resistance in 60.54 - 60.92 zone for a drift down to 60.13 zone, after which bounce to 61.33 is anticipated.
AUD-JPY	Market should not go lower than 74.32 - 73.76. After this move down it should go up to 75.17 - 75.46 area.
XAG-USD	No comment!
XAU-USD	Uptrend is still intact. It should continue to rally to 1254.60 or 1261.50 if supports at 1241.60 - 1238.55 area hold. Stop loss below 1235.50.

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.