Daily Market Comments - Thursday 15 April 2010

[RTFX-Trading]

EUR-USD	Current rise should end around 1.3689. Objectives of this downmove are 1.3607 or 1.3561. A rise above 1.3725 is again bullish.
USD-CHF	Current fall is near an end of wave around 1.0494 zone, a rally should then procede to above 1.0552. Fall below 1.0469 would cancel this scenario.
GBP-USD	Current rise seems to be over near 1.5479 or 1.5514 for a retracement towards 1.5443 - 1.5419 area.
USD-JPY	A drift down to 92.80 - 92.37 from 93.23 - 93.47 area could be followed by a consolidation/corrective activity.
USD-CAD	Current fall is near an end of wave around 0.9952 zone, a rally should then procede to above 1.0022. Fall below 0.9918 would cancel this scenario.
NZD-USD	It should trade higher to 0.7171 or above 0.7197 in extention. Supports at 0.7116 and 0.7103. Stop loss below 0.7060 zone.
AUD-USD	Current rise seems to be over near 0.9355 or 0.9383 for a retracement towards 0.9328 - 0.9312 area.
EUR-JPY	While below 127.48 - 127.72 it is more likely to fall further towards 127.04 or 126.82. Premature rise above 127.72 could see it rising above 128.15 zone.
EUR-CHF	It is likely to fall towards 1.4338 - 1.4314 unless a corrective rally breaks the 1.4374 resistance. Stop above 1.4386 zone.
EUR-GBP	Market should pop up towards 0.8846 or 0.8860 this bullish scenario would be damaged if 0.8817 - 0.8801 zone is broken, a severe break down could then occur.
EUR-CAD	It may attempt a test higher to 1.3648 - 1.3679 after which weakness may set it to a drift down to below 1.3574 limit.
EUR-NZD	Preferred view is for a fall to 1.9082 - 1.9039 while 1.9159 - 1.9194 area resists. A clear break of 1.9280 would be bullish.
EUR-AUD	It is likely to fall towards 1.4582 - 1.4551 as its corrective rally could falter in 1.4638 - 1.4663 area. Stop above 1.4725 zone.
GBP-CHF	It should trade lower to 1.6227 or 1.6136 in extension while 1.6285 - 1.6318 offer resistance. A break of 1.6367 will damage this bearish view.
GBP-JPY	Current rise should end around 144.83. Objectives of this downmove are 143.40 or 142.60. A rise above 145.46 is again bullish.
GBP-CAD	It should trade lower to 1.5383. Resistances are at 1.5487 and 1.5528. A break of 1.5591 is bullish, confirmed by a close above 1.5507.
GBP-AUD	It should be subject to more weakness towards 1.6507. After which a correction to above 1.6579 is anticipated. A break of 1.6473 is bearish.
CAD-JPY	Resistances lie around 93.68 and 93.90. It should test lower towards 92.90 zone. A clear break of 93.06 would be bearish.
NZD-JPY	It looks set for gains to 66.98. Supports at 66.32 and 66.14. A break of 65.66 will damage this bullish structure.
AUD-JPY	Current rise should end around 87.67. Objectives of this downmove are 86.55 or 85.92. A rise above 88.17 is again bullish.
XAG-USD	Currently uptrend should end around 18.54 - 18.56 area. A correction down to below 18.28 is expected. A rise above 18.67 will abort the expected correction.
XAU-USD	While below 1155.40 or 1156.00 it could fall towards below 1149.90 or 1144.40. After which a corrective/consolidation activity is expected to 1158.75 zone.

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