Daily Market Comments - Wednesday 31 March 2010

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to 1.3502 - 1.3591 from 1.3405 or 1.3360. After which a downside move is expected.
USD-CHF	If market stays below 1.0673 a fall to 1.0609 is expected. If market breaks the point 1.0702 it could reach the sky.
GBP-USD	While below 1.5098 - 1.5140 it is more likely to fall further towards 1.5022 or 1.4987. Premature rise above 1.5140 could see it rising above 1.5210 zone.
USD-JPY	It should trade higher to 93.14 while 92.63 or 92.44 offers support. Stop loss below 92.25 zone.
USD-CAD	Market should hold major support at 1.0130 before rising towards 1.0230 or even 1.0259 limit.
NZD-USD	Should test support at 0.7079 while below 0.7102. If support at 0.7079 holds it can rise up to 0.7128, if not it should fall to below 0.7056 zone.
AUD-USD	One move lower to 0.9165 or 0.9134 is anticipated while below 0.9206 - 0.9222 area. Stop loss above 0.9247 zone.
EUR-JPY	Preferred view is for a fall to 124.30 - 123.91 while 124.95 - 125.20 area resists. A clear break of 125.99 would be bullish.
EUR-CHF	Decline should be supported around 1.4293 - 1.4280 zone for rally to above 1.4331. A clear break of 1.4280 will damage this expected rally.
EUR-GBP	Market should not go lower than 0.8850. After this move down it should go up to 0.8974 area.
EUR-CAD	Market should not go lower than 1.3669 - 1.3627. After this move down it should go up to 1.3739 - 1.3767 area.
EUR-NZD	Support at 1.8884 or 1.8838 should hold the downside for a correction to above 1.8981 zone.
EUR-AUD	It might hold above 1.4585 or 1.4539 for a rise towards above 1.4653 or 1.4676. Stop loss below 1.4493 zone.
GBP-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6190 or 1.6154 if support around 1.6033 hold. After which a pullback to 1.6033 - 1.5992 zone is possible.
GBP-JPY	Current upmove should be ended around 140.17 - 140.88. Any correction consolidation should find support in 138.91 - 138.36 zone.
GBP-CAD	Currently uptrend should end around 1.5412 - 1.5420 area. A correction down to below 1.5304 is expected. A rise above 1.5469 will abort the expected correction.
GBP-AUD	It may attempt a test higher to 1.6417 - 1.6453 after which weakness may set it to a drift down to below 1.6314 limit.
CAD-JPY	While below 91.22 - 91.56 it is more likely to fall further towards 90.24 or 89.55.
NZD-JPY	While below 66.01 - 66.22 it is more likely to fall further towards 65.62 or 65.44. Premature rise above 66.22 could see it rising above 66.58 zone.
AUD-JPY	While below 85.45 - 85.76 it is more likely to fall further towards 84.91 or 84.68. Premature rise above 85.76 could see it rising above 86.21 zone.
XAG-USD	A corrective rise should ideally test 17.43 or even higher than 17.57. Supports are at 17.19. Stop loss below 17.09 zone.
XAU-USD	There is bearish potential for a fall to 1099.05 while 1106.30 - 1108.57 resist. After this fall a recovery up to 1108.57 or 1110.85 is expected.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

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