Daily Market Comments - Friday 03 April 2009

[RTFX-Trading]

EUR-USD Current rise seems to be over near 1.3489 or 1.3578 for a retracement towards 1.3400 - 1.3342 area.

USD-CHF There is bearish potential for a fall to below 1.1270. Up correction could find resistance around 1.1378. Rise above 1.1413 could weaken this bearish view.

GBP-USD Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4911 or 1.4941 if support around 1.4640 hold. After which a pullback to 1.4640 - 1.4586 zone is possible.

USD-JPY Currently uptrend should end around 99.8129 - 100.1467 area. A correction down to below 98.6467 is expected. A rise above 100.7733 will abort the expected correction.

EUR-JPY Uptrend is still intact in a triangle configuration. It should continue to rally to 134.7499 or 136.7767 if support around 132.8367 hold. After which a pullback to 132.8367 - 132.1350 zone is possible.

EUR-CHF A correction down to 1.5191 followed by a move up to 1.5275 or 1.5311. A break above 1.5359 would accelerate this bullish move.

EUR-GBP It should test higher than 0.9183. Entry point are at 0.9113 and 0.9093. A break of 0.9043 is bearish.

USD-CAD Market should meet resistance at 1.2444. We expect then an extended move down to 1.2278 - 1.2177 area.

NZD-USD While below 0.5863 it is more likely to fall further towards 0.5706 or 0.5663. Premature rise above 0.5863 could see it rising above 0.5950 zone.

AUD-USD Current upmove should be ended around 0.7242 - 0.7333. Any correction consolidation should find support in 0.7109 - 0.7064 zone.





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