Daily Market Comments - Monday 06 April 2009

[RTFX-Trading]

EUR-USD Currently uptrend should end around 1.3550 - 1.3534 area. A correction down to below 1.3403 is expected. A rise above 1.3580 will abort the expected correction.

USD-CHF Market should not go lower than 1.1265. After this move down it should go up to 1.1305 - 1.1333 area.

GBP-USD A correction down to 1.4697 followed by a move up to 1.4834 or 1.4895. A break above 1.4970 would accelerate this bullish move.

USD-JPY A correction down to 99.6233 followed by a move up to 100.3200 or 100.6433. A break above 101.0167 would accelerate this bullish move.

EUR-JPY null

EUR-CHF Supports at 1.5231 and 1.5213 should hold the downward correction . After which a big upmove could occur. Stop loss below 1.5213 limit.

EUR-GBP Market should hold major support at 0.9033 before rising towards 0.9160 or even 0.9220 limit.

USD-CAD Support at 1.2300 or 1.2194 should hold the downside for a correction to above 1.2407 zone.

NZD-USD One move lower to 0.5795 or 0.5721 is anticipated while below 0.5885 - 0.5922 area. Stop loss above 0.5975 zone.

AUD-USD While below 0.7238 it is more likely to fall further towards 0.7107 or 0.7066. Premature rise above 0.7238 could see it rising above 0.7320 zone.





Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58


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.