Daily Market Comments - Friday 09 July 2010

[RTFX-Trading]

EUR-USD	Currently uptrend should end around 1.2722 - 1.2733 area. A correction down to below 1.2641 is expected. A rise above 1.2768 will abort the expected correction.
USD-CHF	It might hold above 1.0487 or 1.0461 for a rise towards above 1.0544. Stop loss below 1.0430 zone.
GBP-USD	A drift down to 1.5100 - 1.5032 from 1.5167 - 1.5204 area could be followed by a consolidation/corrective activity.
USD-JPY	While below 88.50 - 88.78 it is more likely to fall further towards 88.01 or 87.79. Premature rise above 88.78 could see it rising above 89.20 zone.
USD-CAD	Current fall is near an end of wave around 1.0371 zone, a rally should then procede to above 1.0478. Fall below 1.0321 would cancel this scenario.
NZD-USD	One move lower to 0.7044 or 0.6995 is anticipated while below 0.7098 - 0.7123 area. Stop loss above 0.7152 zone.
AUD-USD	Currently uptrend should end around 0.8891 - 0.8836 area. A correction down to below 0.8666 is expected. A rise above 0.8898 will abort the expected correction.
EUR-JPY	Currently uptrend should end around 113.08 - 112.89 area. A correction down to below 111.10 is expected. A rise above 113.60 will abort the expected correction.
EUR-CHF	It may attempt a test higher to 1.3339 - 1.3364 after which weakness may set it to a drift down to 1.3270 limit.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8379 or 0.8398 if support around 0.8354 hold. After which a pullback to 0.8354 - 0.8341 zone is possible.
EUR-CAD	It should test 1.3253 area after which a sell off down to 1.3185 or extended to 1.3138 area is expected.
EUR-NZD	It may meet resistance in 1.7900 - 1.7913 zone for a drift down to 1.7835 zone, after which bounce to 1.7978 is anticipated.
EUR-AUD	It may meet resistance in 1.4472 - 1.4522 zone for a drift down to 1.4391 zone, after which bounce to 1.4603 is anticipated.
GBP-CHF	Market should not go lower than 1.5899 - 1.5852. After this move down it should go up to 1.5976 - 1.6006 area.
GBP-JPY	While below 134.30 - 134.73 it is more likely to fall further towards 133.52 or 133.16. Premature rise above 134.73 could see it rising above 135.45 zone.
GBP-CAD	One more dip to 1.5768 - 1.5710 is likely followed by a grind higher to 1.5873 - 1.5920. After which it can resume its downtrend.
GBP-AUD	It should register further gains to 1.7516 while 1.7148 - 1.7008 caps downside attempts. Stop loss below 1.6779 zone.
CAD-JPY	While below 85.07 - 85.56 it is more likely to fall further towards 84.19 or 83.81. Premature rise above 85.56 could see it rising above 86.33 zone.
NZD-JPY	One move lower to 61.85 or 61.04 is anticipated while below 62.80 - 63.21 area. Stop loss above 63.75 zone.
AUD-JPY	Current rise should end around 78.40. Objectives of this downmove are 76.12 or 74.72. A rise above 79.29 is again bullish.
XAG-USD	It should trade higher to 18.18 while 17.95 or 17.85 offers support. Stop loss below 17.74 zone.
XAU-USD	It should trade higher to 1208.17 while 1197.83 or 1192.73 offers support. Stop loss below 1187.62 zone.

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.