Daily Market Comments - Tuesday 27 April 2010

[RTFX-Trading]

EUR-USD	It should trade higher to 1.3422 while 1.3357 or 1.3337 offers support. Stop loss below 1.3316 zone.
USD-CHF	Prefer a fall to below 1.0700. Then a correction to above 1.0817 is anticipated. A clear break of 1.0671 is again bearish.
GBP-USD	Current rise should end around 1.5512. Objectives of this downmove are 1.5388 or 1.5319. A rise above 1.5567 is again bullish.
USD-JPY	Our preferred outlook is for a drift down to 93.81 or below 93.66. Resistances are at 93.96 and 94.08. A rise above 94.23 would delay but not abort this expected fall.
USD-CAD	Corrective dips should ideally halt near 0.9991 or 0.9980 for one more thrust upwards towards 1.0017 - 1.0032 area or 1.0054 in extention. Fall below 0.9949 puts it back on a downward path.
NZD-USD	One move lower to 0.7180 or 0.7128 is anticipated while below 0.7244 - 0.7271 area. Stop loss above 0.7308 zone.
AUD-USD	While below 0.9269 or 0.9278 it could fall towards below 0.9244 or 0.9220. After which a corrective/consolidation activity is expected to 0.9291 zone.
EUR-JPY	Strength can extend to 126.34 or even higher than 127.58 as declines are expected to find support at 125.40. A fall below 125.10 could turn it bearish.
EUR-CHF	Currently uptrend should end around 1.4361 - 1.4370 area. A correction down to 1.4346 - 1.4341 is expected. A rise above 1.4381 will abort the expected correction.
EUR-GBP	It may attempt a test higher to 0.8675 - 0.8699 after which weakness may set it to a drift down to 0.8609 limit.
EUR-CAD	It should trade higher to 1.3438 while 1.3364 or 1.3343 offers support. Stop loss below 1.3322 zone.
EUR-NZD	One more dip to 1.8447 - 1.8377 is likely followed by a grind higher to 1.8578 - 1.8640. After which it can resume its downtrend.
EUR-AUD	It should trade higher to 1.4484 while 1.4402 or 1.4379 offers support. Stop loss below 1.4356 zone.
GBP-CHF	Strength can extend to 1.6626 or even 1.6668 as declines are expected to find support at 1.6583 or 1.6542. Stop Loss below 1.6501 zone.
GBP-JPY	While below 145.61 - 145.98 it is more likely to fall further towards 144.88 or 144.51. Premature rise above 145.98 could see it rising above 146.72 zone.
GBP-CAD	Current rise seems to be over near 1.5483 or 1.5525 for a retracement towards 1.5441 - 1.5416 area.
GBP-AUD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6724 or 1.6713 if support around 1.6653 hold. After which a pullback to 1.6653 - 1.6635 zone is possible.
CAD-JPY	There are initial signs of a good corrective recovery towards 94.18 or even 94.30. Supports at 93.84 and 93.62 zone.
NZD-JPY	One move lower to 67.45 or 66.94 is anticipated while below 68.13 - 68.38 area. Stop loss above 68.81 zone.
AUD-JPY	There are initial signs of a good corrective recovery towards 87.43 or even 87.57. Supports at 87.06 and 86.82 zone.
XAG-USD	Should test support at 18.22 while below 18.30. If support at 18.22 holds it can rise up to 18.40, if not it should fall to below 18.15 zone.
XAU-USD	There are initial signs of a good corrective recovery towards 1156.81 or even 1158.78. Supports at 1152.20 and 1149.56 zone.

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.