Daily Market Comments - Thursday 01 April 2010

[RTFX-Trading]

EUR-USD	It should try higher up to 1.3529 - 1.3577. Entry point 1.3481 or 1.3447. After this rise, a correction is expected.
USD-CHF	Market should not go lower than 1.0515 - 1.0458. After this move down it should go up to 1.0612 - 1.0653 area.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5271 or 1.5243 if support around 1.5143 hold. After which a pullback to 1.5143 - 1.5113 zone is possible.
USD-JPY	Current rise should end around 93.81. Objectives of this downmove are 92.94 or 92.41. A rise above 94.16 is again bullish.
USD-CAD	Current fall is near an end of wave around 1.0121 zone, a rally should then procede to above 1.0194. Fall below 1.0089 would cancel this scenario.
NZD-USD	It should be subject to more sell off towards 0.7088 or 0.7079. Corrective upward swings should face resistance around 0.7133 area. A break of 0.7144 is bullish.
AUD-USD	It may attempt a test higher to 0.9189 - 0.9208 after which weakness may set it to a drift down to 0.9133 limit.
EUR-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 127.01 or 127.08 if support around 125.75 hold. After which a pullback to 125.75 - 125.34 zone is possible.
EUR-CHF	Market should pop up towards 1.4280 or 1.4304 this bullish scenario would be damaged if 1.4224 - 1.4191 zone is broken, a severe break down could then occur.
EUR-GBP	One more dip to 0.8885 - 0.8865 is likely followed by a grind higher to 0.8922 - 0.8938. After which it can resume its downtrend.
EUR-CAD	If market stays below 1.3745 a fall to 1.3639 is expected. If market breaks the point 1.3783 it could reach the sky.
EUR-NZD	Current upmove should be ended around 1.9067 - 1.9135. Any correction consolidation should find support in 1.8937 - 1.8874 zone.
EUR-AUD	Currently uptrend should end around 1.4751 - 1.4807 area. A correction down to 1.4655 - 1.4617 is expected. A rise above 1.4885 will abort the expected correction.
GBP-CHF	While above 1.5965 - 1.5912 zone a corrective upmove could test 1.6064 or 1.6109. After which it should resume its downtrend.
GBP-JPY	Currently uptrend should end around 143.51 - 142.70 area. A correction down to below 140.44 is expected. A rise above 143.49 will abort the expected correction.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5462 or 1.5475 if support around 1.5396 hold. After which a pullback to 1.5396 - 1.5366 zone is possible.
GBP-AUD	Current upmove should be ended around 1.6580 - 1.6646. Any correction consolidation should find support in 1.6469 - 1.6423 zone.
CAD-JPY	Currently uptrend should end around 92.77 - 92.48 area. A correction down to below 91.29 is expected. A rise above 92.90 will abort the expected correction.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 66.60 or 66.67 if support around 66.18 hold. After which a pullback to 66.18 - 66.05 zone is possible.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 85.79 or 86.10 if support around 85.46 hold. After which a pullback to 85.46 - 85.27 zone is possible.
XAG-USD	While below 17.66 it is more likely to fall further towards 17.46 or 17.37 level.
XAU-USD	Current rise seems to be over near 1115.78 or 1120.18 for a retracement towards 1111.38 - 1107.91 area.

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