Daily Market Comments - Tuesday 20 April 2010

[RTFX-Trading]

EUR-USD	It should try higher up to 1.3494 - 1.3520. Entry point 1.3468 or 1.3453. After this rise, a correction is expected.
USD-CHF	Should test support at 1.0600 while below 1.0630. If support at 1.0600 holds it can rise up to 1.0676, if not it should fall to below 1.0570 zone.
GBP-USD	It should try higher up to 1.5339 - 1.5389. Entry point 1.5290 or 1.5265. After this rise, a correction is expected.
USD-JPY	It should test 93.12 area after which a sell off down to 91.84 or extended to 91.28 area is expected.
USD-CAD	Should test support at 1.0116 while below 1.0144. If support at 1.0116 holds it can rise up to 1.0195, if not it should fall to below 1.0087 zone.
NZD-USD	It should test 0.7170 area after which a sell off down to 0.7073 or extended to 0.7033 area is expected.
AUD-USD	It should try higher up to 0.9242 - 0.9269. Entry point 0.9214 or 0.9198. After this rise, a correction is expected.
EUR-JPY	It should try higher up to 124.66 - 125.15. Entry point 124.16 or 123.90. After this rise, a correction is expected.
EUR-CHF	Any possible decline should be supported around 1.4324 - 1.4308 zone for rally to above 1.4375. A clear break of 1.4290 will damage this expected rally.
EUR-GBP	Should test support at 0.8775 while below 0.8795. If support at 0.8775 holds it can rise up to 0.8829, if not it should fall to below 0.8754 zone.
EUR-CAD	There are initial signs of a good corrective recovery towards 1.3710 or even 1.3727. Supports at 1.3671 and 1.3649 zone.
EUR-NZD	It looks set to visit further lower territory down to around 1.8947 - 1.8904. Its corrective attempts should fail ahead of 1.8947 - 1.9053. Stop loss above 1.9139 zone.
EUR-AUD	There are initial signs of a good corrective recovery towards 1.4645 or even 1.4665. Supports at 1.4594 and 1.4562 zone.
GBP-CHF	Market should hold major support at 1.6172 before rising towards 1.6348 or even 1.6391 limit.
GBP-JPY	It should try higher up to 141.74 - 142.53. Entry point 140.96 or 140.56. After this rise, a correction is expected.
GBP-CAD	Difficult to predict the next move. If first down it should hold 1.5513 or 1.5485. If first up it should face resistance in 1.5578 - 1.5615 zone to 1.5485 zone.
GBP-AUD	It looks set for gains to 1.6653. Supports at 1.6575 and 1.6549. A break of 1.6496 will damage this bullish structure.
CAD-JPY	It should try higher up to 91.11 - 91.49. Entry point 90.73 or 90.53. After this rise, a correction is expected.
NZD-JPY	It should test 66.61 area after which a sell off down to 65.09 or extended to 64.47 area is expected.
AUD-JPY	It should try higher up to 85.38 - 85.86. Entry point 84.90 or 84.65. After this rise, a correction is expected.
XAG-USD	It should try higher up to 17.76 - 17.85. Entry point 17.67 or 17.62. After this rise, a correction is expected.
XAU-USD	It should test 1138.35 area after which a sell off down to 1124.92 or extended to 1114.08 area is expected.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.