Weekly Market Comments - Monday 12 April 2010

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.3516 - 1.3594 after which weakness may set it to a drift down to below 1.3338 limit.
USD-CHF	While below 1.0657 or 1.0676 it could fall towards below 1.0566 or 1.0475. After which a corrective/consolidation activity is expected to 1.0722 zone.
GBP-USD	Currently uptrend should end around 1.5579 - 1.5471 area. A correction down to below 1.5209 is expected. A rise above 1.5563 will abort the expected correction.
USD-JPY	Current move should be supported in 93.01 - 92.41 zone for a rise to 94.37. A break below 91.65 opens the way down.
USD-CAD	It may meet resistance in 1.0039 - 1.0041 zone for a drift down to 0.9976 zone, after which bounce to 1.0103 is anticipated.
NZD-USD	It should try higher up to 0.7163 - 0.7229. Entry point 0.7097 or 0.7058. After this rise, a correction is expected.
AUD-USD	Currently uptrend should end around 0.9465 - 0.9394 area. A correction down to below 0.9217 is expected. A rise above 0.9457 will abort the expected correction.
EUR-JPY	It should be subject to more sell off towards 123.48 or 121.23. Corrective upward swings should face resistance around 125.87 area. A break of 130.14 is bullish.
EUR-CHF	Current rise should end around 1.4412. Objectives of this downmove are 1.4332 or 1.4283. A rise above 1.4444 is again bullish.
EUR-GBP	It may meet resistance in 0.8774 - 0.8780 zone for a drift down to 0.8700 zone, after which bounce to 0.8854 is anticipated.
EUR-CAD	Market should hold major support at 1.3230 before rising towards 1.3676 or even 1.3806 limit.
EUR-NZD	No comment!
EUR-AUD	One more dip to 1.4405 - 1.4309 is likely followed by a grind higher to 1.4578 - 1.4654. After which it can resume its downtrend.
GBP-CHF	One move lower to 1.6198 or 1.6006 is anticipated while below 1.6452 - 1.6548 area. Stop loss above 1.6706 zone.
GBP-JPY	Strength can extend to 145.04 or even higher than 148.80 as declines are expected to find support at 142.14. A fall below 141.27 could turn it bearish.
GBP-CAD	Corrective dips should ideally halt near 1.5288 or 1.5217 for one more thrust upwards towards 1.5471 - 1.5583 area or 1.5726 in extention. Fall below 1.4993 puts it back on a downward path.
GBP-AUD	One more dip to 1.6416 or 1.6343 is likely followed by a grind higher to above 1.6913.
CAD-JPY	There are initial signs of a good corrective recovery towards 93.56 or even 94.07. Supports at 92.42 and 91.79 zone.
NZD-JPY	It should try higher up to 66.81 - 67.38. Entry point 66.25 or 65.87. After this rise, a correction is expected.
AUD-JPY	While below 87.23 - 87.73 it is more likely to fall further towards 86.33 or 85.93. Premature rise above 87.73 could see it rising above 88.53 zone.
XAG-USD	One move lower to 17.97 or 17.57 is anticipated while below 18.40 - 18.61 area. Stop loss above 18.84 zone.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1184.47 or 1176.50 if support around 1149.20 hold. After which a pullback to 1149.20 - 1141.30 zone is possible.

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