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RTFX Daily Forex Market comments : 01/31/2013


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#1 ⇑ Haut ⇑ 31-01-2013 08:26:09

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RTFX Daily Forex Market comments : 01/31/2013

NZD – JPY
It looks set for gains to 76.45. Supports at 75.82 and 75.66. A break of 75.18 will damage this bullish structure. 

EUR – USD   
Currently uptrend should end around 1.3627 - 1.3609 area. A correction down to below 1.3504 is expected. A rise above 1.3651 will abort the expected correction. 

USD – CHF   
Market should not go lower than 0.9039. After this move down it should go up to 0.9192 area.

GBP – USD    Current rise seems to be over near 1.5809 or 1.5836 for a retracement towards 1.5781 - 1.5763 area.

USD – JPY   
While below 91.44 it is more likely to fall further towards 91.05 or 90.87 level. 

USD – CAD   
Preferred outlook is for a drift down to below 0.9980. Resistances are at 1.0013 and 1.0025. A rise above 1.0033 would delay but not abort this expected fall.   

NZD – USD   
It may attempt a test higher to 0.8377 - 0.8404 after which weakness may set it to a drift down to 0.8305 limit. 

AUD – USD   
There is bearish potential for a fall to 1.0387 while 1.0431 - 1.0446 resist. After this fall a recovery up to 1.0446 or 1.0462 is expected.   

EUR – JPY   
Currently uptrend should end around 124.25 - 124.20 area. A correction down to below 122.62 is expected. A rise above 124.82 will abort the expected correction.

EUR – CHF   
Market should not go lower than 1.2350 - 1.2313. After this move down it should go up to 1.2410 - 1.2432 area. 

EUR – GBP   
Current rise should end around 0.8610. Objectives of this downmove are 0.8560 or 0.8533. A rise above 0.8633 is again bullish.   

EUR – CAD   
Strength can extend to 1.3613 or even 1.3650 as declines are expected to find support at 1.3576 or 1.3544. Stop Loss below 1.3512 zone. 

EUR – NZD   
Strength can extend to 1.6295 or even 1.6370 as declines are expected to find support at 1.6220 or 1.6151. Stop Loss below 1.6081 zone.   

EUR – AUD   
Current rise seems to be over near 1.3034 or 1.3088 for a retracement towards 1.2981 - 1.2948 area.

GBP – CHF   
Market should not go lower than 1.4376 - 1.4321. After this move down it should go up to 1.4466 - 1.4501 area.   

GBP – JPY   
Current rise should end around 144.45. Objectives of this downmove are 143.14 or 142.36. A rise above 144.99 is again bullish.   

GBP – CAD   
Current upmove should be ended around 1.5842 - 1.5868. Any correction consolidation should find support in 1.5792 - 1.5769 zone.   

GBP – AUD   
Current rise seems to be over near 1.5178 or 1.5227 for a retracement towards 1.5129 - 1.5100 area. 

CAD – JPY   
While below 91.09 - 91.27 it is more likely to fall further towards 90.76 or 90.61. Premature rise above 91.27 could see it rising above 91.57 zone.   

AUD – JPY   
There are initial signs of a good corrective recovery towards 95.17 or even 95.34. Supports at 94.79 and 94.56 zone.

XAG – USD   
Strength can extend to 32.15 or 32.45 as declines are expected to find support at 31.64 or 31.43. A fall below 30.84 could turn it bearish.

XAU – USD   
Strength can extend to 1680.53 or 1686.40 as declines are expected to find support at 1670.03 or 1665.41. A fall below 1653.66 could turn it bearish.   

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