Daily Market Comments - Friday 02 April 2010

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.3590 or 1.3633 for a retracement towards 1.3547 - 1.3525 area.
USD-CHF	It should test 1.0574 area after which a sell off down to 1.0446 or extended to 1.0269 area is expected.
GBP-USD	Currently uptrend should end around 1.5402 - 1.5336 area. A correction down to below 1.5210 is expected. A rise above 1.5380 will abort the expected correction.
USD-JPY	While below 93.93 - 94.15 it is more likely to fall further towards 93.55 or 93.39. Premature rise above 94.15 could see it rising above 94.47 zone.
USD-CAD	One more dip to 1.0077 - 1.0047 is likely followed by a grind higher to 1.0125 - 1.0144. After which it can resume its downtrend.
NZD-USD	It should test 0.7093 area after which a sell off down to 0.7040 or extended to 0.6998 area is expected.
AUD-USD	It looks set for gains to 0.9235. Supports at 0.9181 and 0.9169. A break of 0.9126 will damage this bullish structure.
EUR-JPY	Currently uptrend should end around 128.90 - 128.04 area. A correction down to below 126.45 is expected. A rise above 128.59 will abort the expected correction.
EUR-CHF	It should trade higher to 1.4442 while 1.4293 or 1.4234 offers support. Stop loss below 1.4174 zone.
EUR-GBP	Market should hold major support at 0.8843 before rising towards 0.8913 or even 0.8940 limit.
EUR-CAD	It should trade higher to above 1.3759 while 1.3661 - 1.3634 offer support. Stop Loss below 1.3563 zone.
EUR-NZD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.9330 or 1.9273 if support around 1.9130 hold. After which a pullback to 1.9130 - 1.9088 zone is possible.
EUR-AUD	Current rise should end around 1.4792. Objectives of this downmove are 1.4695 or 1.4637. A rise above 1.4831 is again bullish.
GBP-CHF	Currently uptrend should end around 1.6170 - 1.6243 area. A correction down to below 1.5972 is expected. A rise above 1.6368 will abort the expected correction.
GBP-JPY	One move lower to 142.28 or 141.08 is anticipated while below 143.56 - 144.15 area. Stop loss above 144.84 zone.
GBP-CAD	Currently uptrend should end around 1.5439 - 1.5456 area. A correction down to below 1.5382 is expected. A rise above 1.5489 will abort the expected correction.
GBP-AUD	Current rise should end around 1.6614 or 1.6637. Objectives of this downmove are 1.6556 or 1.6510. A rise above 1.6672 is again bullish.
CAD-JPY	One move lower to 92.23 or 91.45 is anticipated while below 93.14 - 93.53 area. Stop loss above 94.05 zone.
NZD-JPY	It should try higher up to 66.47 - 66.70. Entry point 66.25 or 66.11. After this rise, a correction is expected.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 86.82 or 86.82 if support around 86.15 hold. After which a pullback to 86.15 - 85.95 zone is possible.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 18.26 or 18.13 if support around 17.80 hold. After which a pullback to 17.80 - 17.70 zone is possible.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1137.60 or 1132.82 if support around 1122.23 hold. After which a pullback to 1122.23 - 1119.22 zone is possible.

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