Daily Market Comments - Friday 10 April 2009

[RTFX-Trading]

EUR-USD	null
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1624 or 1.1708 if support around 1.1531 hold. After which a pullback to 1.1531 - 1.1494 zone is possible.
GBP-USD	It is likely to fall towards 1.4583 as its corrective rally could falter in 1.4729 - 1.4682 area. Stop above 1.4777 zone.
USD-JPY	It should trade lower to 99.8433 or 99.2667 in extension while 100.2067 - 100.4950 offer resistance. A break of 100.7833 will damage this bearish view.
EUR-JPY	There is bearish potential for a fall to below 131.5667. Up correction could find resistance around 132.5533. Rise above 132.8850 could weaken this bearish view.
EUR-CHF	Decline should be supported around 1.5198 - 1.5171 zone for rally to above 1.5297. A clear break of 1.5171 will damage this expected rally.
EUR-GBP	While above 0.8967 - 0.8928 zone a corrective dip could test 0.9007 or 0.9029 or 0.9051. After which it should resume his downtrend.
USD-CAD	Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2200 or 1.2164. Major support is clustered around 1.2096 limit.
NZD-USD	Currently uptrend should end around 0.5853 - 0.5862 area. A correction down to below 0.5786 is expected. A rise above 0.5891 will abort the expected correction.
AUD-USD	It should trade higher to 0.7245 while 0.7150 or 0.7123 offers support. Stop loss below 0.7096 zone.

Trading Desk, RTFX Ltd
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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.