Daily Market Comments - Tuesday 31 March 2009

[RTFX-Trading]

EUR-USD While below 1.3212- 1.3256 it might drop to 1.3168 or below 1.3087 zone. USD-CHF No comment.
USD-JPY Currently uptrend should end around 99.4962 - 99.8133 area. A correction down to below 97.6733 is expected. A rise above 100.6567 will abort the expected correction. GBP-USD Current upmove should be over between1.4349 and 1.4312. A correction down to 1.4178 is anticipated. A break of 1.4385 is bullish EUR-CHF Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.5077 or 1.5062. Major support is clustered around 1.5010 limit. EUR-JPY Current rise seems to be over near 131.5100 or 132.6033 for a retracement towards 130.4167 - 129.6850 area. EUR-GBP While below 0.9244 or 0.9269 it could fall towards below 0.9189. Rise above 0.9284 could activate some bullish pattern. AUD-USD It should trade higher to 0.6992 while 0.6890 or 0.6850 offers support. Stop loss below 0.6810 zone. USD-CAD Current upmove should continue up to 1.2668 or 1.2734. Any correction should find support in 1.2586 - 1.2553 zone. A break above 1.2660 could accelerate the move up.



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

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