Daily Market Comments - Wednesday 14 April 2010

[RTFX-Trading]

EUR-USD	No comment!
USD-CHF	Market should pop up towards 1.0570 or 1.0582 this bullish scenario would be damaged if 1.0484 - 1.0473 zone is broken, a severe break down could then occur.
GBP-USD	It looks more likely that it would rise to 1.5441 - 1.5502 from 1.5359 or 1.5329. After which a downside move is expected.
USD-JPY	It should trade higher to above 93.54 while 92.89 - 92.72 offer support. Stop Loss below 92.24 zone.
USD-CAD	It looks more likely that it would rise to 1.0049 - 1.0088 from 1.0008 or 0.9988. After which a downside move is expected.
NZD-USD	It may attempt a test higher to 0.7142 - 0.7158 after which weakness may set it to a drift down to below 0.7107 limit.
AUD-USD	It should test 0.9357 area after which a sell off down to 0.9246 or extended to 0.9200 area is expected.
EUR-JPY	It should trade lower to 126.03. Resistances are at 127.40 and 127.93. A break of 128.78 is bullish, confirmed by a close above 127.85.
EUR-CHF	It might hold above 1.4336 or 1.4312 for a rise towards above 1.4393. Stop loss below 1.4280 zone.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8871 or 0.8874 if support around 0.8839 hold. After which a pullback to 0.8839 - 0.8828 zone is possible.
EUR-CAD	No comment!
EUR-NZD	Should fall around 1.9007 while below 1.9073 - 1.9111 zone. Then a recovery up to above 1.9111 is expected.
EUR-AUD	Should fall around 1.4621 while below 1.4651 - 1.4686 zone. Then a recovery up to above 1.4686 is expected.
GBP-CHF	Market should not go lower than 1.6160. After this move down it should go up to 1.6291 area.
GBP-JPY	It may attempt a test higher to 143.57 - 144.07 after which weakness may set it to a drift down to below 142.35 limit.
GBP-CAD	It looks more likely that it would rise to 1.5465 - 1.5534 from 1.5392 or 1.5357. After which a downside move is expected.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.6605 or even 1.6623. Supports at 1.6552 and 1.6517 zone.
CAD-JPY	Structure suggests that it could fall to 92.45 while below 93.12 area. A rise above 93.45 is bullish.
NZD-JPY	It should test 66.99 area after which a sell off down to 66.06 or extended to 65.59 area is expected.
AUD-JPY	It should test 87.73 area after which a sell off down to 85.83 or extended to 85.07 area is expected.
XAG-USD	Market should hold major support at 17.93 before rising towards 18.37 or even 18.52 limit.
XAU-USD	Current fall is near an end of wave around 1144.70 zone, a rally should then procede to above 1157.10. Fall below 1138.65 would cancel this scenario.

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