Daily Market Comments - Tuesday 13 April 2010

[RTFX-Trading]

EUR-USD	Should test support at 1.3541 while below 1.3592. If support at 1.3541 holds it can rise up to 1.3667, if not it should fall to below 1.3490 zone.
USD-CHF	It should try higher up to 1.0605 - 1.0622. Entry point 1.0587 or 1.0572. After this rise, a correction is expected.
GBP-USD	There are initial signs of a good corrective recovery towards 1.5427 or even 1.5452. Supports at 1.5360 and 1.5319 zone.
USD-JPY	It is a triangle configuration . Market should break either side. Acceleration should occur above 93.61 or under 92.98 limits.
USD-CAD	It looks more likely that it would rise to 1.0072 - 1.0119 from 1.0018 or 0.9995. After which a downside move is expected.
NZD-USD	There are initial signs of a good corrective recovery towards 0.7159 or even 0.7174. Supports at 0.7116 and 0.7090 zone.
AUD-USD	It looks more likely that it would rise to 0.9354 - 0.9433 from 0.9263 or 0.9224. After which a downside move is expected.
EUR-JPY	Should fall around 126.39 while below 126.73 - 127.10 zone. Then a recovery up to above 127.10 is expected.
EUR-CHF	Resistances lie around 1.4431 and 1.4449. It should test lower towards 1.4361 zone. A clear break of 1.4345 would be bearish.
EUR-GBP	Current rise should end around 0.8846 or 0.8860. Objectives of this downmove are 0.8817 or 0.8790. A rise above 0.8875 is again bullish.
EUR-CAD	Should test support at 1.3566 while below 1.3625. If support at 1.3566 holds it can rise up to 1.3721, if not it should fall to below 1.3507 zone.
EUR-NZD	One move lower to 1.8984 or 1.8885 is anticipated while below 1.9097 - 1.9146 area. Stop loss above 1.9209 zone.
EUR-AUD	One move lower to 1.4558 or 1.4461 is anticipated while below 1.4673 - 1.4722 area. Stop loss above 1.4789 zone.
GBP-CHF	Support at 1.6274 or 1.6235 should hold the downside for a correction to above 1.6357 zone.
GBP-JPY	Preferred view is for a fall to 143.24 - 142.82 while 143.91 - 144.15 area resists. A clear break of 144.99 would be bullish.
GBP-CAD	There are initial signs of a good corrective recovery towards 1.5486 or even 1.5520. Supports at 1.5396 and 1.5339 zone.
GBP-AUD	Strength can extend to 1.6619 or 1.6674 as declines are expected to find support at 1.6565 or 1.6513. A fall below 1.6461 could turn it bearish.
CAD-JPY	It may attempt a test higher to 93.11 - 93.31 after which weakness may set it to a drift down to below 92.61 limit.
NZD-JPY	Preferred view is for a fall to 66.39 - 66.18 while 66.71 - 66.83 area resists. A clear break of 67.25 would be bullish.
AUD-JPY	It looks more likely that it would rise to 87.07 - 87.65 from 86.47 or 86.18. After which a downside move is expected.
XAG-USD	There are initial signs of a good corrective recovery towards 18.52 or even 18.79. Supports at 18.20 and 18.07 zone.
XAU-USD	There are initial signs of a good corrective recovery towards 1163.03 or even 1165.93. Supports at 1155.33 and 1150.53 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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