Daily Market Comments - Friday 30 April 2010

[RTFX-Trading]

EUR-USD	While below 1.3279 it is more likely to fall further towards 1.3232 or 1.3209 level.
USD-CHF	One more dip to 1.0823 - 1.0807 is likely followed by a grind higher to 1.0853 - 1.0869. After which it can resume his downtrend.
GBP-USD	It should trade higher to 1.5394 while 1.5268 or 1.5231 offers support. Stop loss below 1.5194 zone.
USD-JPY	Decline should be supported around 93.84 - 93.64 zone for rally to above 94.24. A clear break of 93.64 will damage this expected rally.
USD-CAD	Current fall is near an end of wave around 1.0006 zone, a rally should then procede to above 1.0106. Fall below 0.9960 would cancel this scenario.
NZD-USD	Current rise seems to be over near 0.7240 or 0.7269 for a retracement towards 0.7211 - 0.7194 area.
AUD-USD	One move lower to 0.9235 or 0.9194 is anticipated while below 0.9286 - 0.9306 area. Stop loss above 0.9336 zone.
EUR-JPY	No comment!
EUR-CHF	It should find support in 1.4331 - 1.4319 area for a rally to 1.4364. Unexpected fall below 1.4319 will dent this bullish view.
EUR-GBP	It is a triangle configuration. Market should break either side. Acceleration should occur above 0.8734 or under 0.8631 limits.
EUR-CAD	Current fall is near an end of wave around 1.3250 zone, a rally should then procede to above 1.3363. Fall below 1.3196 would cancel this scenario.
EUR-NZD	Market should not go lower than 1.8282 - 1.8223. After this move down it should go up to 1.8374 - 1.8406 area.
EUR-AUD	It may meet resistance in 1.4265 - 1.4273 zone for a drift down to 1.4232 zone, after which bounce to 1.4306 is anticipated.
GBP-CHF	It should trade higher to 1.6673 or above 1.6743 in extention. Supports at 1.6513 and 1.6478. Stop loss below 1.6352 zone.
GBP-JPY	Current rise seems to be over near 144.21 or 144.88 for a retracement towards 143.54 - 143.13 area.
GBP-CAD	It should test 1.5494 area after which a sell off down to 1.5303 or extended to 1.5207 area is expected.
GBP-AUD	It should test 1.6615 area after which a sell off down to 1.6407 or extended to 1.6300 area is expected.
CAD-JPY	One move lower to 92.90 or 92.26 is anticipated while below 93.76 - 94.08 area. Stop loss above 94.63 zone.
NZD-JPY	Currently uptrend should end around 68.62 - 68.44 area. A correction down to below 67.37 is expected. A rise above 68.85 will abort the expected correction.
AUD-JPY	One move lower to 86.67 or 86.13 is anticipated while below 87.36 - 87.63 area. Stop loss above 88.05 zone.
XAG-USD	Current rise seems to be over near 18.52 or 18.68 for a retracement towards 18.37 - 18.27 area.
XAU-USD	It should be subject to more sell off towards 1162.42 or 1157.78. Corrective upward swings should face resistance around 1167.55 area. A break of 1175.98 is bullish.

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
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