Monthly Market Comments - Thursday 01 April 2010

[RTFX-Trading]

EUR-USD	One more dip to 1.3388 - 1.3245 is likely followed by a grind higher to 1.3663 - 1.3795. After which it can resume his downtrend.
USD-CHF	It looks more likely that it would rise to 1.0790 - 1.1040 from 1.0515 or 1.0390. After which a downside move is expected.
GBP-USD	It should try higher up to 1.5282 - 1.5448. Entry point 1.5116 or 1.4983. After this rise, a correction is expected.
USD-JPY	Currently uptrend should end around 93.55 - 95.35 area. A correction down to 90.80 - 89.86 is expected. A rise above 97.23 will abort the expected correction.
USD-CAD	Market should not go lower than 0.9875. After this move down it should go up to 1.0363 - 1.0463 area.
NZD-USD	It should trade higher to 0.7239 while 0.7046 or 0.6979 offers support. Stop loss below 0.6913 zone.
AUD-USD	While below 0.9212 - 0.9304 it is more likely to fall further towards 0.9053 or 0.8987. Premature rise above 0.9304 could see it rising above 0.9436 zone.
EUR-JPY	It should try higher up to 126.41 - 128.63. Entry point 124.20 or 123.01. After this rise, a correction is expected.
EUR-CHF	Market should not go lower than 1.4055. After this move down it should go up to 1.4526 area.
EUR-GBP	A corrective rise should ideally test 0.9074 or even higher than 0.9251. Supports are at 0.8672. Stop loss below 0.8695 zone.
EUR-CAD	It may meet resistance in 1.3880 - 1.4034 zone for a drift down to below 1.3407 zone.
EUR-NZD	Market should not go lower than 1.8907 - 1.8585. After this move down it should go up to 1.9442 - 1.9654 area.
EUR-AUD	It may meet resistance in 1.4729 - 1.4838 zone for a drift down to 1.4473 zone, after which bounce to 1.5094 is anticipated.
GBP-CHF	It may meet resistance in 1.6003 - 1.6041 zone for a drift down to 1.5770 zone, after which bounce to 1.6274 is anticipated.
GBP-JPY	It should test 151.65 area after which a sell off down to 135.28 or extended to 128.66 area is expected.
GBP-CAD	It may meet resistance in 1.5414 - 1.5505 zone for a drift down to 1.5028 zone, after which bounce to 1.5891 is anticipated.
GBP-AUD	It may meet resistance in 1.6554 - 1.6575 zone for a drift down to 1.6228 zone, after which bounce to 1.6901 is anticipated.
CAD-JPY	Current rise seems to be over near 92.10 or 94.65 for a retracement towards 89.55 - 88.25 area.
NZD-JPY	It should trade higher to 68.36 while 64.49 or 63.52 offers support. Stop loss below 62.55 zone.
AUD-JPY	Current rise seems to be over near 85.78 or 87.98 for a retracement towards 83.59 - 82.46 area.
XAG-USD	Currently uptrend should end around 18.04 - 17.98 area. A correction down to below 16.66 is expected. A rise above 18.47 will abort the expected correction.
XAU-USD	It looks more likely that it would rise to 1143.73 - 1174.22 from 1099.28 or 1084.03. After which a downside move 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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