Daily Market Comments - Thursday 22 April 2010

[RTFX-Trading]

EUR-USD	Current fall is near an end of wave around 1.3350 zone, a rally should then procede to above 1.3439. Fall below 1.3310 would cancel this scenario.
USD-CHF	Current rise should end around 1.0733. Objectives of this downmove are 1.0668 or 1.0631. A rise above 1.0761 is again bullish.
GBP-USD	Currently uptrend should end around 1.5445 - 1.5456 area. A correction down to below 1.5349 is expected. A rise above 1.5501 will abort the expected correction.
USD-JPY	Should fall around 92.94 while below 93.19 - 93.31 zone. Then a recovery up to above 93.31 is expected.
USD-CAD	It should try higher up to 1.0006 - 1.0031. Entry point 0.9981 or 0.9964. After this rise, a correction is expected.
NZD-USD	Market should pop up towards 0.7115 or 0.7129 this bullish scenario would be damaged if 0.7087 - 0.7072 zone is broken, a severe break down could then occur.
AUD-USD	It looks more likely that it would rise to 0.9318 - 0.9368 from 0.9264 or 0.9239. After which a downside move is expected.
EUR-JPY	There is bearish potential for a fall to 124.19 while 124.86 - 125.16 resist. After this fall a recovery up to 125.16 or 125.45 is expected.
EUR-CHF	It may attempt a test higher to 1.4347 - 1.4365 after which weakness may set it to a drift down to 1.4297 limit.
EUR-GBP	It should register further gains to 0.8731 while 0.8666 - 0.8642 caps downside attempts. Stop loss below 0.8600 zone.
EUR-CAD	It should try higher up to 1.3405 - 1.3436. Entry point 1.3375 or 1.3351. After this rise, a correction is expected.
EUR-NZD	Market should hold major support at 1.8763 before rising towards 1.8925 or even 1.8986 limit.
EUR-AUD	It should try higher up to 1.4453 - 1.4481. Entry point 1.4424 or 1.4407. After this rise, a correction is expected.
GBP-CHF	Currently uptrend should end around 1.6581 - 1.6532 area. A correction down to below 1.6427 is expected. A rise above 1.6568 will abort the expected correction.
GBP-JPY	While below 143.89 - 144.31 it is more likely to fall further towards 143.12 or 142.77. Premature rise above 144.31 could see it rising above 145.01 zone.
GBP-CAD	It should test 1.5524 area after which a sell off down to 1.5311 or extended to 1.5216 area is expected.
GBP-AUD	It should trade higher to 1.6689 while 1.6576 or 1.6545 offers support. Stop loss below 1.6514 zone.
CAD-JPY	A corrective rise should ideally test 93.82 or even higher than 94.42. Supports are at 92.70. Stop loss below 92.34 zone.
NZD-JPY	It looks more likely that it would rise to 66.53 - 66.92 from 66.02 or 65.83. After which a downside move is expected.
AUD-JPY	Preferred view is for a fall to 86.27 - 85.97 while 86.77 - 86.97 area resists. A clear break of 87.57 would be bullish.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 18.16 or 18.25 if support around 17.99 hold. After which a pullback to 17.99 - 17.91 zone is possible.
XAU-USD	Current upmove should be ended around 1148.80 - 1152.47. Any correction consolidation should find support in 1142.30 - 1139.47 zone.

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