Daily Market Comments - Friday 23 April 2010

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.3277 - 1.3229. After this move down it should go up to 1.3358 - 1.3391 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0811 or 1.0832 if support around 1.0753 hold. After which a pullback to 1.0753 - 1.0727 zone is possible.
GBP-USD	It looks more likely that it would rise to 1.5454 - 1.5529 from 1.5360 or 1.5322. After which a downside move is expected.
USD-JPY	It looks set for gains to 93.82. Supports at 93.11 and 92.95. A break of 92.41 will damage this bullish structure.
USD-CAD	Current upmove should be ended around 1.0022 - 1.0042. Any correction consolidation should find support in 0.9982 - 0.9963 zone.
NZD-USD	It looks set for gains to 0.7142. Supports at 0.7089 and 0.7072. A break of 0.7037 will damage this bullish structure.
AUD-USD	It should test 0.9292 area after which a sell off down to 0.9234 or extended to 0.9193 area is expected.
EUR-JPY	It should test 124.35 area after which a sell off down to 123.34 or extended to 122.40 area is expected.
EUR-CHF	It is likely to fall towards 1.4323 - 1.4313 unless a corrective rally breaks the 1.4339 resistance. Stop above 1.4344 zone.
EUR-GBP	It may meet resistance in 0.8645 - 0.8658 zone for a drift down to 0.8618 zone, after which bounce to 0.8685 is anticipated.
EUR-CAD	No comment!
EUR-NZD	Market should not go lower than 1.8697 - 1.8635. After this move down it should go up to 1.8792 - 1.8826 area.
EUR-AUD	No comment!
GBP-CHF	Currently uptrend should end around 1.6654 - 1.6626 area. A correction down to below 1.6502 is expected. A rise above 1.6673 will abort the expected correction.
GBP-JPY	It looks set for gains to 144.49. Supports at 143.11 and 142.74. A break of 141.73 will damage this bullish structure.
GBP-CAD	Decline should be supported around 1.5349 - 1.5314 zone for rally to above 1.5425. A clear break of 1.5314 will damage this expected rally.
GBP-AUD	There are initial signs of a good corrective recovery towards 1.6628 or even 1.6652. Supports at 1.6568 and 1.6533 zone.
CAD-JPY	It may attempt a test higher to 93.55 - 93.91 after which weakness may set it to a drift down to below 92.72 limit.
NZD-JPY	Corrective dips should ideally halt near 66.06 or 65.87 for one more thrust upwards towards 66.54 - 66.83 area or 67.20 in extention. Fall below 65.30 puts it back on a downward path.
AUD-JPY	It may attempt a test higher to 86.82 - 87.19 after which weakness may set it to a drift down to 85.95 limit.
XAG-USD	It should trade higher to 18.18 while 17.98 or 17.88 offers support. Stop loss below 17.79 zone.
XAU-USD	It should be subject to more sell off towards 1132.47 or 1123.33. Corrective upward swings should face resistance around 1143.45 area. A break of 1158.63 is bullish.

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.