Daily Market Comments - Monday 12 April 2010

[RTFX-Trading]

EUR-USD	Current rise seems to be over near 1.3494 or 1.3545 for a retracement towards 1.3443 - 1.3418 area.
USD-CHF	There is bearish potential for a fall to 1.0621 while 1.0692 - 1.0710 resist. After this fall a recovery up to 1.0710 or 1.0728 is expected.
GBP-USD	Currently uptrend should end around 1.5439 - 1.5425 area. A correction down to below 1.5301 is expected. A rise above 1.5470 will abort the expected correction.
USD-JPY	Current move should be supported in 93.15 - 92.93 zone for a rise to 93.60. A break below 92.69 opens the way down.
USD-CAD	It should be subject to more sell off towards 0.9993 or 0.9946. Corrective upward swings should face resistance around 1.0042 area. A break of 1.0130 is bullish.
NZD-USD	Currently uptrend should end around 0.7197 - 0.7195 area. A correction down to below 0.7087 is expected. A rise above 0.7238 will abort the expected correction.
AUD-USD	Current rise seems to be over near 0.9337 or 0.9360 for a retracement towards 0.9313 - 0.9299 area.
EUR-JPY	Currently uptrend should end around 126.20 - 126.14 area. A correction down to below 125.01 is expected. A rise above 126.54 will abort the expected correction.
EUR-CHF	Current rise seems to be over near 1.4388 or 1.4408 for a retracement towards 1.4368 - 1.4354 area.
EUR-GBP	It looks set for gains to 0.8802. Supports at 0.8740 and 0.8726. A break of 0.8677 will damage this bullish structure.
EUR-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3559 or 1.3618 if support around 1.3489 hold. After which a pullback to 1.3489 - 1.3454 zone is possible.
EUR-NZD	It should trade higher to 1.8933 or above 1.8997 in extention. Supports at 1.8814 and 1.8782. Stop loss below 1.8696 zone.
EUR-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4469 or 1.4497 if support around 1.4433 hold. After which a pullback to 1.4433 - 1.4415 zone is possible.
GBP-CHF	Preferred view is for a fall to 1.6382 - 1.6339 while 1.6452 - 1.6478 area resists. A clear break of 1.6566 would be bullish.
GBP-JPY	Resistances lie around 143.82 and 144.22. It should test lower towards 142.50 zone. A clear break of 142.98 would be bearish.
GBP-CAD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5505 or 1.5532 if support around 1.5411 hold. After which a pullback to 1.5411 - 1.5365 zone is possible.
GBP-AUD	Resistances lie around 1.6507 and 1.6530. It should test lower towards 1.6437 zone. A clear break of 1.6482 would be bearish.
CAD-JPY	It looks more likely that it would rise to 93.57 - 94.32 from 92.70 or 92.32. After which a downside move is expected.
NZD-JPY	Current rise should end around 67.04. Objectives of this downmove are 66.11 or 65.59. A rise above 67.44 is again bullish.
AUD-JPY	Resistances lie around 87.14 and 87.30. It should test lower towards 86.61 zone. A clear break of 86.84 would be bearish.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 18.42 or 18.52 if support around 18.29 hold. After which a pullback to 18.29 - 18.21 zone is possible.
XAU-USD	Current rise should end around 1167.27. Objectives of this downmove are 1151.87 or 1143.03. A rise above 1173.83 is again bullish.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
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