Weekly Market Comments - Monday 05 April 2010

[RTFX-Trading]

EUR-USD	Current rise should end around 1.3593. Objectives of this downmove are 1.3386 or 1.3282. A rise above 1.3696 is again bullish.
USD-CHF	It may attempt a test higher to 1.0655 - 1.0728 after which weakness may set it to a drift down to 1.0472 limit.
GBP-USD	Current rise seems to be over near 1.5252 or 1.5372 for a retracement towards 1.5132 - 1.5049 area.
USD-JPY	Currently uptrend should end around 96.30 - 95.46 area. A correction down to below 92.89 is expected. A rise above 96.36 will abort the expected correction.
USD-CAD	Market should not go lower than 1.0087 - 1.0025. After this move down it should go up to 1.0190 - 1.0231 area.
NZD-USD	While below 0.7060 or 0.7076 it could fall towards below 0.7019 or 0.6978. After which a corrective/consolidation activity is expected to 0.7096 zone.
AUD-USD	It should trade higher to 0.9261 while 0.9147 or 0.9113 offers support. Stop loss below 0.9078 zone.
EUR-JPY	Currently uptrend should end around 130.17 - 128.95 area. A correction down to below 125.14 is expected. A rise above 130.34 will abort the expected correction.
EUR-CHF	It should trade higher to 1.4442 or above 1.4561 in extention. Supports at 1.4234 and 1.4175. Stop loss below 1.4026 zone.
EUR-GBP	Market should not go lower than 0.8857 - 0.8800. After this move down it should go up to 0.8951 - 0.8987 area.
EUR-CAD	No comment!
EUR-NZD	It should be subject to more sell off towards 1.8987 or 1.8910. Corrective upward swings should face resistance around 1.9249 area. A break of 1.9418 is bullish.
EUR-AUD	No comment!
GBP-CHF	Current rise seems to be over near 1.6184 or 1.6309 for a retracement towards 1.6058 - 1.5977 area.
GBP-JPY	Current rise seems to be over near 143.87 or 145.92 for a retracement towards 141.81 - 140.74 area.
GBP-CAD	Current rise should end around 1.5471. Objectives of this downmove are 1.5252 or 1.5135. A rise above 1.5573 is again bullish.
GBP-AUD	It should trade higher to 1.6676 while 1.6493 or 1.6426 offers support. Stop loss below 1.6359 zone.
CAD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 95.55 or 94.95 if support around 92.44 hold. After which a pullback to 92.44 - 91.75 zone is possible.
NZD-JPY	Currently uptrend should end around 67.96 - 67.43 area. A correction down to below 65.54 is expected. A rise above 68.10 will abort the expected correction.
AUD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 88.52 or 88.17 if support around 85.82 hold. After which a pullback to 85.82 - 85.19 zone is possible.
XAG-USD	Current rise seems to be over near 17.90 or 18.23 for a retracement towards 17.57 - 17.35 area.
XAU-USD	Current rise seems to be over near 1127.38 or 1135.92 for a retracement towards 1118.83 - 1114.12 area.

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

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.