Daily Market Comments - Thursday 08 April 2010

[RTFX-Trading]

EUR-USD	It may meet resistance in 1.3343 - 1.3360 zone for a drift down to 1.3310 zone, after which bounce to 1.3393 is anticipated.
USD-CHF	Current rise should end around 1.0763. Objectives of this downmove are 1.0698 or 1.0656. A rise above 1.0787 is again bullish.
GBP-USD	It should test 1.5299 area after which a sell off down to 1.5158 or extended to 1.5075 area is expected.
USD-JPY	Market should not go lower than 93.25 - 92.91. After this move down it should go up to 93.81 - 94.03 area.
USD-CAD	It should try higher up to 1.0063. Entry point 1.0035 or 1.0020. After this rise, a correction is expected.
NZD-USD	Uptrend is still intact. It should continue to rally to 0.7132 or 0.7168 if supports at 0.7064 - 0.7049 area hold. Stop loss below 0.7033.
AUD-USD	There are initial signs of a good corrective recovery towards 0.9283 or even 0.9294. Supports at 0.9258 and 0.9245 zone.
EUR-JPY	Market should not go lower than 123.55. After this move down it should go up to 125.65 area.
EUR-CHF	Preferred outlook is for a drift down to below 1.4300. Resistances are at 1.4329 and 1.4334. A rise above 1.4342 would delay but not abort this expected fall.
EUR-GBP	There is bearish potential for a fall to 0.8753 - 0.8731 while 0.8775 - 0.8787 resist. After this fall a recovery up to 0.8787 or 0.8799 is expected.
EUR-CAD	It should test 1.3499 area after which a sell off down to 1.3366 or extended to 1.3304 area is expected.
EUR-NZD	One more dip to 1.8855 - 1.8796 is likely followed by a grind higher to 1.8953 - 1.8992. After which it can resume its downtrend.
EUR-AUD	It may meet resistance in 1.4398 - 1.4415 zone for a drift down to 1.4364 zone, after which bounce to 1.4448 is anticipated.
GBP-CHF	It should try higher up to 1.6375 - 1.6420. Entry point 1.6330 or 1.6304. After this rise, a correction is expected.
GBP-JPY	It looks set to visit further lower territory down to around 142.04 - 141.43. Its corrective attempts should fail ahead of 142.04 - 143.50. Stop loss above 144.72 zone.
GBP-CAD	Market should hold major support at 1.5185 before rising towards 1.5413 or even 1.5487 limit.
GBP-AUD	It should test 1.6502 area after which a sell off down to 1.6367 or extended to 1.6286 area is expected.
CAD-JPY	Market should not go lower than 92.71 - 92.17. After this move down it should go up to 93.54 - 93.84 area.
NZD-JPY	Support at 65.95 or 65.74 should hold. Then a correction to above 66.81 is anticipated. A clear break of 65.48 is again bearish.
AUD-JPY	Prefer a fall to 86.40 or 86.03. Then a correction to 87.02 is anticipated. A clear break of 85.54 is again bearish.
XAG-USD	Currently uptrend should end around 18.21 - 18.31 area. A correction down to below 17.98 is expected. A rise above 18.44 will abort the expected correction.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1158.43 or 1157.68 if support around 1145.17 hold. After which a pullback to 1145.17 - 1141.02 zone is possible.

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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