Daily Market Comments - Tuesday 07 April 2009

[RTFX-Trading]

EUR-USD There is bearish potential for a fall to 1.3322 while 1.3452 - 1.3499 resist. After this fall a recovery up to 1.3499 or 1.3546 is expected.

USD-CHF It looks set for gains to above 1.1433. Supports at 1.1302 and 1.1337. A break of 1.1267 will damage this bullish structure.

GBP-USD Current move should be supported in 1.4721 zone for a rise to above 1.5087. A break below 1.4513 opens the way down.

USD-JPY One move lower to 100.3200 or 99.6500 is anticipated while below 101.2150 - 101.5500 area. Stop loss above 102.1100 zone.

EUR-JPY Resistances lie around 136.4550 and 138.7533. It should test lower towards 134.1567 zone. A clear break of 134.6500 would be bearish.

EUR-CHF It is a triangle configuration. Market should break either side. Acceleration should occur above 1.5299 or under 1.5215 limits.

EUR-GBP Market should hold major support at 0.9014 before rising towards 0.9117 or even 0.9151 limit.

USD-CAD It should be subject to more sell off towards 1.2258 or 1.2135. Corrective upward swings should face resistance around 1.2479 area. A break of 1.2519 is bullish.

NZD-USD Preferred view is for a fall to below 0.5828 while 0.5883 - 0.5903 area resists. A clear break of 0.5959 would be bullish.

AUD-USD null



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[tai_lonte]

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[tai_lonte]

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[Bharat Hotwani]

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