RTFX Weekly Market Comments - Monday 21 December 2009

EUR-USD It looks set to visit further lower territory down to around 1.4298 - 1.4169. Its corrective attempts should fail ahead of 1.4298 - 1.4593. Stop loss above 1.4851 zone.


USD-CHF While below 1.0469 - 1.0527 it is more likely to fall further towards 1.0362 or 1.0314. Premature rise above 1.0527 could see it rising above 1.0624 zone.


GBP-USD Market should not go lower than 1.6097 - 1.5992. After this move down it should go up to 1.6277 - 1.6351 area.


USD-JPY Corrective dips should ideally halt near 89.3355 or 88.8087 for one more thrust upwards towards 90.6275 - 91.3927 area or 92.4463 in extention. Fall below 87.2783 puts it back on a downward path.


USD-CAD While below 1.0703 - 1.0753 it is more likely to fall further towards 1.0561 or 1.0461.


NZD-USD Prefer a fall to 0.7087 or 0.7017. Then a correction to 0.7204 is anticipated. A clear break of 0.6924 is again bearish.


AUD-USD Market should not go lower than 0.8859 - 0.8754. After this move down it should go up to 0.9041 - 0.9118 area.


EUR-JPY It should try higher up to 130.1465 - 131.0273. Entry point 129.2657 or 128.5050. After this rise, a correction is expected.


EUR-CHF Market should not go lower than 1.4929 - 1.4859. After this move down it should go up to 1.5046 - 1.5091 area.


EUR-GBP Market should not go lower than 0.8866 - 0.8805. After this move down it should go up to 0.8965 - 0.9002 area.


EUR-CAD Market should not go lower than 1.5120. After this move down it should go up to 1.5511 area.


EUR-NZD It may meet resistance in 2.0162 - 2.0179 zone for a drift down to 2.0050 zone, after which bounce to 2.0291 is anticipated.


EUR-AUD It is likely to fall towards 1.5962 - 1.5829 unless a corrective rally breaks the 1.6170 resistance. Stop above 1.6236 zone.


GBP-CHF It looks more likely that it would rise to 1.7007 from 1.6768 or 1.6682. After which a downside move is expected.


GBP-JPY Market should hold major support at 143.0290 before rising towards 147.4667 or even 149.1033 limit.


GBP-CAD No comment!


GBP-AUD Current rise seems to be over near 1.8217 or 1.8365 for a retracement towards 1.8069 - 1.7948 area.


CAD-JPY Market should hold major support at 83.2687 before rising towards 85.5560 or even 86.3680 limit.


NZD-JPY Market should hold major support at 63.1106 before rising towards 65.1347 or even 66.0423 limit.


AUD-JPY Market should hold major support at 77.6876 before rising towards 81.8187 or even 83.1673 limit.


XAG-USD One more dip to 17.1705 - 16.9657 is likely followed by a grind higher to 17.6757.


XAU-USD Current fall is near an end of wave around 1090.6235 zone, a rally should then procede to above 1137.5536. Fall below 1069.3452 would cancel this scenario.



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