Daily Market Comments - Friday 16 April 2010

[RTFX-Trading]

EUR-USD	Market should pop up towards 1.3620 or 1.3653 this bullish scenario would be damaged if 1.3547 - 1.3507 zone is broken, a severe break down could then occur.
USD-CHF	Strength can extend to 1.0588 or even 1.0615 as declines are expected to find support at 1.0561 or 1.0536. Stop Loss below 1.0510 zone.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5510 or 1.5550 if support around 1.5468 hold. After which a pullback to 1.5468 - 1.5440 zone is possible.
USD-JPY	There is bearish potential for a fall to 92.96 - 92.77 while 93.15 - 93.28 resist. After this fall a recovery up to 93.28 or 93.41 is expected.
USD-CAD	It should trade higher to 1.0050 while 1.0007 or 0.9992 offers support. Stop loss below 0.9978 zone.
NZD-USD	No comment!
AUD-USD	Current upmove should continue to 0.9369 or 0.9394. Any correction should find support in 0.9340 - 0.9328 zone. A break above 0.9362 could accelerate the move up.
EUR-JPY	No comment!
EUR-CHF	Decline should be supported around 1.4282 zone for rally to above 1.4362. A clear break of 1.4282 will damage this expected rally.
EUR-GBP	Market should not go lower than 0.8716. After this move down it should go up to 0.8810 area.
EUR-CAD	Market should hold major support at 1.3521 before rising towards 1.3655 or even 1.3710 limit.
EUR-NZD	It should trade higher to above 1.9136 while 1.9014 - 1.8979 offer support. Stop Loss below 1.8892 zone.
EUR-AUD	One more dip to 1.4513 - 1.4480 is likely followed by a grind higher to 1.4569 - 1.4591. After which it can resume its downtrend.
GBP-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6457 or 1.6423 if support around 1.6340 hold. After which a pullback to 1.6340 - 1.6313 zone is possible.
GBP-JPY	It looks more likely that it would rise to 145.05 from 143.72 or 143.28. After which a downside move is expected.
GBP-CAD	Current rise seems to be over near 1.5539 or 1.5591 for a retracement towards 1.5488 - 1.5456 area.
GBP-AUD	Currently uptrend should end around 1.6599 - 1.6627 area. A correction down to 1.6548 - 1.6526 is expected. A rise above 1.6672 will abort the expected correction.
CAD-JPY	There is bearish potential for a fall to 92.41 while 93.10 - 93.32 resist. After this fall a recovery up to 93.32 or 93.54 is expected.
NZD-JPY	Bullish reaction to above 66.71 is anticipated from 66.23 - 66.17 zone. Stop loss below 65.93 zone.
AUD-JPY	It looks more likely that it would rise to 87.38 - 87.82 from 86.82 or 86.60. After which a downside move is expected.
XAG-USD	Currently uptrend should end around 18.46 - 18.55 area. A correction down to below 18.25 is expected. A rise above 18.68 will abort the expected correction.
XAU-USD	Current upmove should end around 1160.84 - 1163.87 area. A correction down to 1152.42 or even 1145.58 is expected. A rise above 1168.48 will abort the expected correction.

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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