Daily Market Comments - Friday 09 April 2010

[RTFX-Trading]

EUR-USD	Market should hold major support at 1.3274 before rising towards 1.3391 or even 1.3420 limit.
USD-CHF	Preferred view is for a fall to 1.0722 - 1.0701 while 1.0758 - 1.0772 area resists. A clear break of 1.0814 would be bullish.
GBP-USD	Market should hold major support at 1.5177 before rising towards 1.5326 or even 1.5373 limit.
USD-JPY	It should test 93.83 area after which a sell off down to 92.98 or extended to 92.59 area is expected.
USD-CAD	There are initial signs of a good corrective recovery towards 1.0063 or even 1.0078. Supports at 1.0020 and 0.9991 zone.
NZD-USD	It should test 0.7134 area after which a sell off down to 0.7028 or extended to 0.6984 area is expected.
AUD-USD	It should test 0.9349 area after which a sell off down to 0.9244 or extended to 0.9178 area is expected.
EUR-JPY	It should test 126.00 area after which a sell off down to 123.85 or extended to 122.94 area is expected.
EUR-CHF	A correction down to 1.4304 or lower is now expected from 1.4354 or 1.4365. A break above 1.4365 is needed to turn bullish.
EUR-GBP	There is bearish potential for a fall to 0.8741 - 0.8726 while 0.8755 - 0.8764 resist. After this fall a recovery up to 0.8764 or 0.8773 is expected.
EUR-CAD	Support at 1.3383 or 1.3356 should hold. Then a correction to above 1.3496 is anticipated. A clear break of 1.3323 is again bearish.
EUR-NZD	It looks set to visit further lower territory down to around 1.8869 - 1.8838. Its corrective attempts should fail ahead of 1.8869 - 1.8955. Stop loss above 1.9018 zone.
EUR-AUD	One more dip to 1.4367 or 1.4348 is likely followed by a grind higher to 1.4405 - 1.4424. After which it can resume its downtrend.
GBP-CHF	It should try higher up to 1.6400 - 1.6431. Entry point 1.6370 or 1.6352. After this rise, a correction is expected.
GBP-JPY	It should test 144.24 area after which a sell off down to 141.49 or extended to 140.31 area is expected.
GBP-CAD	A drift down to 1.5259 from 1.5312 - 1.5342 area could be followed by a consolidation/corrective activity.
GBP-AUD	It looks set for gains to 1.6494. Supports at 1.6416 and 1.6394. A break of 1.6338 will damage this bullish structure.
CAD-JPY	It should test 94.28 area after which a sell off down to 92.39 or extended to 91.61 area is expected.
NZD-JPY	It should test 66.93 area after which a sell off down to 65.41 or extended to 64.78 area is expected.
AUD-JPY	It should test 87.64 area after which a sell off down to 86.02 or extended to 85.31 area is expected.
XAG-USD	It should try higher up to 18.15 - 18.22. Entry point 18.07 or 18.02. After this rise, a correction is expected.
XAU-USD	While below 1152.26 - 1155.07 it is more likely to fall further towards 1147.21 or 1144.97. Premature rise above 1155.07 could see it rising above 1159.56 zone.

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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