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RTFX Daily Forex Market comments : 02/28/2013


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#1 ⇑ Haut ⇑ 28-02-2013 08:27:37

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RTFX Daily Forex Market comments : 02/28/2013

EUR USD   
Current rise seems to be over near 1.3143 or 1.3177 for a retracement towards 1.3109 - 1.3090 area. 

USD CHF   
Market should not go lower than 0.9291 - 0.9277. After this move down it should go up to 0.9314 - 0.9324 area.   

GBP USD   
It should be subject to more sell off towards 1.5098 or 1.5036. Corrective upward swings should face resistance around 1.5212 area. A break of 1.5250 is bullish.   

USD JPY
It looks set for gains to 92.74. Supports at 91.69 and 91.44. A break of 90.64 will damage this bullish structure.   

USD CAD   
Our preferred outlook is for a drift down to 1.0213 or below 1.0196. Resistances are at 1.0229 and 1.0245. A rise above 1.0261 would delay but not abort this expected fall.   

NZD USD   
It should test 0.8322 area after which a sell off down to 0.8241 or extended to 0.8205 area is expected. 

AUD USD   
It should test 1.0268 area after which a sell off down to 1.0195 or extended to 1.0158 area is expected.

EUR JPY   
It should trade higher to 122.02 while 120.62 or 120.20 offers support. Stop loss below 119.78 zone.

EUR CHF   
Currently uptrend should end around 1.2228 - 1.2242 area. A correction down to below 1.2173 is expected. A rise above 1.2270 will abort the expected correction.

EUR GBP   
Currently uptrend should end around 0.8690 - 0.8689 area. A correction down to below 0.8633 is expected. A rise above 0.8712 will abort the expected correction.   

EUR CAD   
Current rise seems to be over near 1.3454 or 1.3477 for a retracement towards 1.3432 - 1.3413 area. 

EUR NZD   
One move lower to 1.5805 or 1.5736 is anticipated while below 1.5902 - 1.5937 area. Stop loss above 1.6000 zone. 

EUR AUD   
While below 1.2858 - 1.2890 it is more likely to fall further towards 1.2801 or 1.2776. Premature rise above 1.2890 could see it rising above 1.2939 zone.

GBP CHF   
Market should hold major support at 1.4045 before rising towards 1.4125 or even 1.4158 limit.   

GBP JPY   
It looks set for gains to 140.47. Supports at 138.99 and 138.67. A break of 137.51 will damage this bullish structure. 

GBP CAD
There is bearish potential for a fall to 1.5454 while 1.5522 - 1.5548 resist. After this fall a recovery up to 1.5548 or 1.5575 is expected.

GBP AUD   
It looks more likely that it would rise to 1.4879 - 1.4944 from 1.4786 or 1.4754. After which a downside move is expected. 

CAD JPY   
It looks set for gains to 90.73. Supports at 89.45 and 89.17. A break of 88.17 will damage this bullish structure.   

NZD JPY
Market should hold major support at 75.39 before rising towards 76.84 or even 77.35 limit.   

AUD JPY   
It should trade higher to 94.98 or above 95.58 in extention. Supports at 93.67 and 93.37. Stop loss below 92.37 zone.

XAG USD   
Bullish reaction to above 29.34 is anticipated from 29.01 - 28.94 zone. Stop loss below 28.77 zone. 

XAU USD   
While above 1594.84 - 1588.15 zone a corrective upmove could test 1605.99 or 1610.46. After which it should resume its downtrend. 

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