Weekly Market Comments - Monday 06 April 2009

[RTFX-Trading]

EUR-USD It should test 1.3831 area after which a sell off down to 1.3228 or extended to 1.2968 area is expected.

USD-CHF There are initial signs of a good corrective recovery towards 1.1430 or even 1.1473. Supports at 1.1305 and 1.1223 zone.

GBP-USD Market looks set for gains towards 1.5074 or above in extension. Dips should find support at 1.4593 - 1.4466 zone.

USD-JPY Current rise seems to be over near 100.3200 or 101.7733 for a retracement towards 98.8667 - 98.1150 area.

EUR-JPY Market looks set for gains towards 138.1833 or above in extension. Dips should find support at 132.2967 - 130.8250 zone.

EUR-CHF It should test 1.5414 area after which a sell off down to 1.5115 or extended to 1.4977 area is expected.

EUR-GBP Market should not go lower than 0.8968. After this move down it should go up to 0.9070 - 0.9160 area.

USD-CAD It looks more likely that it would rise to above 1.2509 or 1.2579 from 1.2300 or 1.2162. After which a downside move to below 1.2022 is expected.

NZD-USD Market looks set for gains towards 0.6004 or above in extension. Dips should find support at 0.5766 - 0.5699 zone.

AUD-USD A corrective/consolidation activity between 0.6875 and 0.7467 is likely for a while.





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