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RTFX Daily Forex Market comments : 01/29/2013


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#1 ⇑ Haut ⇑ 29-01-2013 08:55:00

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RTFX Daily Forex Market comments : 01/29/2013

AUD USD   
Market should hold major support at 1.0369 before rising towards 1.0436 or even 1.0456 limit. 

EUR USD   
Supports at 1.3440 and 1.3428 should hold the downward correction . After which a big upmove could occur . Stop loss below 1.3428 limit.   

USD CHF    Preferred outlook is for a drift down to below 0.9236. Resistances are at 0.9262 and 0.9271.A rise above 0.9278 would delay but not abort this expected fall.   U

GBP USD
One more dip to 1.5685 - 1.5651 is likely followed by a grind higher to 1.5740 - 1.5762. After which it can resume its downtrend.   

USD JPY   
Preferred view is for a fall to 90.71 - 90.53 while 91.05 - 91.21 area resists. A clear break of 91.58 would be bullish. 

USD CAD   
Our preferred outlook is for a drift down to 1.0049 or below 1.0036. Resistances are at 1.0063 and 1.0075. A rise above 1.0088 would delay but not abort this expected fall. 

NZD USD   
Market should hold major support at 0.8254 before rising towards 0.8376 or even 0.8413 limit. 

EUR JPY   
Preferred view is for a fall to 121.94 - 121.61 while 122.58 - 122.90 area resists. A clear break of 123.55 would be bullish.

EUR CHF   
Decline should be supported around 1.2439 - 1.2414 zone for rally to above 1.2501. A clear break of 1.2414 will damage this expected rally.   

EUR GBP   
One move lower to 0.8540 or 0.8506 is anticipated while below 0.8580 - 0.8597 area. Stop loss above 0.8620 zone.

EUR CAD   
Our preferred outlook is for a drift down to 1.3517 or below 1.3494. Resistances are at 1.3540 and 1.3556. A rise above 1.3579 would delay but not abort this expected fall. 

EUR NZD   
Should test support at 1.6061 while below 1.6136. If support at 1.6061 holds it can rise up to 1.6225, if not it should fall to below 1.5986 zone. 

EUR AUD
Should test support at 1.2886 while below 1.2917. If support at 1.2886 holds it can rise up to 1.2953, if not it should fall to below 1.2855 zone.

GBP CHF   
Market should not go lower than 1.4478. After this move down it should go up to 1.4614 area. 

GBP JPY    There is bearish potential for a fall to 141.86 while 142.93 - 143.29 resist. After this fall a recovery up to 143.29 or 143.66 is expected. 

GBP AUD
Market should not go lower than 1.5065 - 1.5035. After this move down it should go up to 1.5111 - 1.5127 area.

CAD JPY   
It should be subject to more sell off towards 89.78 or 89.29. Corrective upward swings should face resistance around 90.56 area. A break of 91.10 is bullish.   

NZD JPY   
It may attempt a test higher to 76.00 - 76.32 after which weakness may set it to a drift down to 75.13 limit.   

AUD JPY   
It should be subject to more sell off towards 94.15 or 93.66. Corrective upward swings should face resistance around 94.80 area. A break of 95.52 is bullish.   

XAG USD   
It may meet resistance in 30.87 - 30.95 zone for a drift down to 30.67 zone, after which bounce to 31.15 is anticipated.   

XAU USD   
Current fall is near an end of wave around 1651.28 zone, a rally should then procede to above 1661.65. Fall below 1646.53 would cancel this scenario.

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