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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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