Daily Market Comments - Wednesday 08 April 2009

[RTFX-Trading]

EUR-USD	Current fall is near an end of wave around 1.3134 - 1.3171 zone, a rally should then procede to above 1.3346 or 1.3385. Fall below 1.3113 would cancel this scenario.
USD-CHF	While below 1.1490 it is more likely to fall further towards 1.1386 or 1.1353. Premature rise above 1.1490 could see it rising above 1.1555 zone.
GBP-USD	Market should hold major support at 1.4543 before rising towards 1.4812 or even 1.4891 limit.
USD-JPY	Market should pop up towards 101.0500 or 101.6900 this bullish scenario would be damaged if 100.2663 - 100.2600 zone is broken, a severe break down could then occur.
EUR-JPY	Current fall is near an end of wave around 131.7198 - 132.0200 zone, a rally should then procede to above 134.4250 or 135.1633. Fall below 130.3167 would cancel this scenario.
EUR-CHF	Market should not go lower than 1.5122. After this move down it should go up to 1.5159 - 1.5188 area.
EUR-GBP	Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.8985 or 0.8960. Major support is clustered around 0.8923 limit.
USD-CAD	There are initial signs of a good corrective recovery towards 1.2428 or even 1.2460. Supports at 1.2352 and 1.2307 zone.
NZD-USD	It might hold above 0.5748 or 0.5702 for a rise towards above 0.5849. Stop loss below 0.5702 zone.
AUD-USD	It is likely to fall towards 0.7050 as its corrective rally could falter in 0.7139 - 0.7110 area. Stop above 0.7168 zone.

Trading Desk, RTFX Ltd
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