Daily Market Comments - Thursday 21 October 2010

[RTFX-Trading]

EUR-USD	It should trade higher to 1.4071 while 1.3831 or 1.3778 offers support. Stop loss below 1.3591 zone.
USD-CHF	There is bearish potential for a fall to 0.9554 while 0.9636 - 0.9668 resist. After this fall a recovery up to 0.9668 or 0.9700 is expected.
GBP-USD	If market stays below 1.5865 a fall to 1.5707 is expected. If market breaks the point 1.5936 it could reach the sky.
USD-JPY	No comment!
USD-CAD	It looks more likely that it would rise to 1.0304 - 1.0398 from 1.0209 or 1.0162. After which a downside move is expected.
NZD-USD	It should be subject to more sell off towards 0.7461 or 0.7373. Corrective upward swings should face resistance around 0.7653 area. A break of 0.7657 is bullish.
AUD-USD	It should be subject to more sell off towards 0.9727 or 0.9582. Corrective upward swings should face resistance around 1.0059 area. A break of 1.0035 is bullish.
EUR-JPY	If market stays below 113.31 a fall to 112.07 is expected. If market breaks the point 113.89 it could reach the sky.
EUR-CHF	It should try higher up to 1.3437 - 1.3479. Entry point 1.3395 or 1.3371. After this rise, a correction is expected.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8820 or 0.8842 if support around 0.8791 hold. After which a pullback to 0.8791 - 0.8775 zone is possible.
EUR-CAD	Strength can extend to 1.4296 or 1.4337 as declines are expected to find support at 1.4215 or 1.4176. A fall below 1.4093 could turn it bearish.
EUR-NZD	While below 1.8535 - 1.8574 it is more likely to fall further towards 1.8419 or 1.8341.
EUR-AUD	It looks more likely that it would rise to 1.4188 - 1.4229 from 1.4127 or 1.4107. After which a downside move is expected.
GBP-CHF	Market should hold major support at 1.5152 before rising towards 1.5300 or even 1.5356 limit.
GBP-JPY	It should test 129.35 area after which a sell off down to 127.67 or extended to 126.83 area is expected.
GBP-CAD	While above 1.6166 - 1.6135 zone a corrective dip could test 1.6198 or 1.6247.
GBP-AUD	Support at 1.6047 or 1.5988 should hold. Then a correction to above 1.6293 is anticipated. A clear break of 1.5920 is again bearish.
CAD-JPY	It should test 80.11 area after which a sell off down to 78.92 or extended to 78.42 area is expected.
NZD-JPY	It may attempt a test higher to 61.28 - 61.55 after which weakness may set it to a drift down to 60.68 limit.
AUD-JPY	It may attempt a test higher to 80.11 - 80.58 after which weakness may set it to a drift down to below 79.10 limit.
XAG-USD	It should test 24.58 area after which a sell off down to 23.51 or extended to 23.06 area is expected.
XAU-USD	It should test 1360.50 area after which a sell off down to 1335.53 or extended to 1324.92 area 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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