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RTFX Daily Forex Market comments : 03/01/2013


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#1 ⇑ Haut ⇑ 01-03-2013 08:29:51

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RTFX Daily Forex Market comments : 03/01/2013

EUR – USD   
It looks more likely that it would rise to 1.3128 - 1.3199 from 1.3055 or 1.3019. After which a downside move is expected.

USD – CHF   
It should trade higher to 0.9400 while 0.9341 or 0.9324 offers support. Stop loss below 0.9307 zone.   

GBP – USD   
Our preferred view is for a drift down to 1.5134 or below 1.5105. Resistances is at 1.5120. A rise above 1.5208 would delay but not abort this expected fall.   

USD – JPY   
Current rise should end around 92.94. Objectives of this downmove are 92.09 or 91.63. A rise above 93.31 is again bullish.   

USD – CAD   
It should trade higher to 1.0341 while 1.0279 or 1.0262 offers support. Stop loss below 1.0244 zone.   1

NZD – USD   
It is a triangle configuration. Market should break either side. Acceleration should occur above 0.8325 or under 0.8241 limits.   

AUD – USD   
While above 1.0206 - 1.0177 zone a corrective dip could test 1.0234 or 1.0271.   

EUR – JPY    There are initial signs of a good corrective recovery towards 121.34 or even 121.61. Supports at 120.68 and 120.30 zone.   

EUR – CHF   
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2251 or 1.2252 if support around 1.2220 hold. After which a pullback to 1.2220 - 1.2209 zone is possible.   

EUR – GBP
There is bearish potential for a fall to 0.8582 while 0.8630 - 0.8644 resist. After this fall a recovery up to 0.8644 or 0.8658 is expected. 

EUR – CAD
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3481 or 1.3490 if support around 1.3449 hold. After which a pullback to 1.3449 - 1.3433 zone is possible.   

EUR – NZD   
There is bearish potential for a fall to 1.5748 while 1.5842 - 1.5884 resist. After this fall a recovery up to 1.5884 or 1.5926 is expected.

EUR – AUD   
It looks more likely that it would rise to 1.2862 - 1.2943 from 1.2773 or 1.2732. After which a downside move is expected.

GBP – CHF   
Current rise seems to be over near 1.4215 or 1.4261 for a retracement towards 1.4169 - 1.4140 area.   

GBP – JPY   
While below 140.63 - 141.01 it is more likely to fall further towards 139.92 or 139.59. Premature rise above 141.01 could see it rising above 141.67 zone. 

GBP – CAD   
Current rise seems to be over near 1.5640 or 1.5687 for a retracement towards 1.5594 - 1.5565 area.   

GBP – AUD    It should trade higher to 1.4894 while 1.4796 or 1.4771 offers support. Stop loss below 1.4698 zone.   

CAD – JPY   
Current move should be supported in 89.66 - 89.35 zone for a rise to 91.05. A break below 88.89 opens the way down. 

NZD – JPY   
Resistances lie around 76.64 and 76.78. It should test lower towards 76.06 zone. A clear break of 75.89 would be bearish.

AUD – JPY   
While below 94.54 or 94.58 it could fall towards below 94.05 or 93.55. After which a corrective/consolidation activity is expected to 94.83 zone. 

XAG – USD   
Market should not go lower than 28.17. After this move down it should go up to 28.86 - 29.01 area.

XAU – USD   
Market should not go lower than 1564.30. After this move down it should go up to 1591.40 - 1596.82 area.

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