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RTFX Daily Forex Market comments : 02/27/2013


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#1 ⇑ Haut ⇑ 27-02-2013 08:26:06

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RTFX Daily Forex Market comments : 02/27/2013

GBP JPY   
One more dip to 138.48 - 137.77 is likely followed by a grind higher to 139.85 - 140.52. After which it can resume its downtrend.

EUR USD   
Current fall is near an end of wave around 1.3013 zone, a rally should then procede to above 1.3115. Fall below 1.2965 would cancel this scenario.

USD CHF   
It should trade higher to 0.9327 or 0.9341 in extension while 0.9292 offers support. Stop loss below 0.9265 zone. 

USD JPY   
It should test 92.04 area after which a sell off down to 91.17 or extended to 90.35 area is expected. 

USD CAD   
There are initial signs of a good corrective recovery towards 1.0282 or even 1.0296. Supports at 1.0251 and 1.0234 zone. 

NZD USD   
It looks set to visit further lower territory down to around 0.8238 - 0.8199. Its corrective attempts should fail ahead of 0.8302 - 0.8329. Stop loss above 0.8406 zone. 

AUD USD   
One more dip to 1.0215 is likely followed by a grind higher to 1.0281. After which it can resume its downtrend.   

EUR JPY   
One more dip to 119.56 - 118.95 is likely followed by a grind higher to 121.34. 

EUR CHF   
It should try higher up to 1.2184 - 1.2206. Entry point 1.2163 or 1.2145. After this rise, a correction is expected. 

EUR GBP   
It may attempt a test higher to 0.8642 - 0.8664 after which weakness may set it to a drift down to below 0.8592 limit.   

EUR CAD   
One more dip to 1.3375 - 1.3347 is likely followed by a grind higher to 1.3430 - 1.3458. After which it can resume his downtrend. 

EUR NZD   
Current rise seems to be over near 1.5858 or 1.5930 for a retracement towards 1.5785 - 1.5734 area. 

EUR AUD   
It should trade lower to 1.2704. Resistances are at 1.2821 and 1.2874. A break of 1.2938 is bullish, confirmed by a close above 1.2800.   

GBP CAD   
Support at 1.5516 or 1.5486 should hold. Then a correction to above 1.5642 is anticipated. A clear break of 1.5452 is again bearish.   

GBP AUD   
While below 1.4784 or 1.4788 it could fall towards below 1.4737 or 1.4689. After which a corrective/consolidation activity is expected to 1.4812 zone. 

CAD JPY   
It should test 89.88 area after which a sell off down to 88.68 or extended to 87.72 area is expected. 

NZD JPY   
Current fall is near an end of wave around 74.94 zone, a rally should then procede to above 77.08. Fall below 73.99 would cancel this scenario.

AUD JPY   
Current fall is near an end of wave around 93.00 zone, a rally should then procede to above 95.25. Fall below 91.91 would cancel this scenario.   

XAG USD   
It should try higher up to 29.43 - 29.71. Entry point 29.16 or 29.00. After this rise, a correction is expected.   

XAU USD   
Uptrend is still intact in a triangle configuration. It should continue to rally to 1626.48 or 1627.69 if support around 1606.08 hold. After which a pullback to 1606.08 - 1599.08 zone is possible.

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