Daily Market Comments - Monday 26 April 2010

[RTFX-Trading]

EUR-USD	It may attempt a test higher to 1.3387 - 1.3449 after which weakness may set it to a drift down to 1.3251 limit.
USD-CHF	There are initial signs of a good corrective recovery towards 1.0792 or even 1.0818. Supports at 1.0725 and 1.0683 zone.
GBP-USD	It should test 1.5442 area after which a sell off down to 1.5316 or extended to 1.5254 area is expected.
USD-JPY	Current rise should end around 94.47. Objectives of this downmove are 93.45 or 92.88. A rise above 94.90 is again bullish.
USD-CAD	While below 0.9992 - 1.0009 it could fall towards below 0.9912. Rise above 1.0029 could activate some bullish pattern.
NZD-USD	Current rise seems to be over near 0.7165 or 0.7192 for a retracement towards 0.7139 - 0.7124 area.
AUD-USD	Market should hold major support at 0.9175 before rising towards 0.9306 or even 0.9344 limit.
EUR-JPY	It should trade higher to 126.73 while 125.08 or 124.59 offers support. Stop loss below 124.10 zone.
EUR-CHF	Current rise seems to be over near 1.4358 or 1.4369 for a retracement towards 1.4347 - 1.4340 area.
EUR-GBP	It looks set for gains to 0.8741. Supports at 0.8652 and 0.8630. A break of 0.8563 will damage this bullish structure.
EUR-CAD	Corrective dips should ideally halt near 1.3301 or 1.3257 for one more thrust upwards towards 1.3398 - 1.3451 area or 1.3539 in extention. Fall below 1.3151 puts it back on a downward path.
EUR-NZD	Market should hold major support at 1.8509 before rising towards 1.8753 or even 1.8835 limit.
EUR-AUD	It should trade higher to 1.4537 while 1.4409 or 1.4357 offers support. Stop loss below 1.4304 zone.
GBP-CHF	It looks more likely that it would rise to 1.6615 - 1.6722 from 1.6483 or 1.6429. After which a downside move is expected.
GBP-JPY	It should try higher up to 144.68 - 145.21. Entry point 144.16 or 143.85. After this rise, a correction is expected.
GBP-CAD	It is likely to fall towards 1.5338 - 1.5307 as its corrective rally could falter in 1.5399 - 1.5429 area. Stop above 1.5492 zone.
GBP-AUD	It looks more likely that it would rise to 1.6703 - 1.6811 from 1.6580 or 1.6526. After which a downside move is expected.
CAD-JPY	Current rise seems to be over near 94.12 or 94.47 for a retracement towards 93.77 - 93.59 area.
NZD-JPY	Uptrend is still intact in a triangle configuration. It should continue to rally to 67.69 or 67.78 if support around 67.00 hold. After which a pullback to 67.00 - 66.78 zone is possible.
AUD-JPY	It looks set for gains to 87.64. Supports at 86.45 and 86.20. A break of 85.27 will damage this bullish structure.
XAG-USD	It should try higher up to 18.25 - 18.38. Entry point 18.12 or 18.05. After this rise, a correction is expected.
XAU-USD	It should trade higher to 1163.82 while 1149.43 or 1145.58 offers support. Stop loss below 1141.72 zone.

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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