Weekly Market Comments - Monday 13 April 2009

[RTFX-Trading]

EUR-USD	There is bearish potential for a fall to below 1.2983. Up correction could find resistance around 1.3282. Rise above 1.3379 could weaken this bearish view.
USD-CHF	Market looks set for gains towards 1.1702 or above in extension. Dips should find support at 1.1472 - 1.1395 zone.
GBP-USD	There are initial signs of a good corrective recovery towards 1.4808 or even 1.4883. Supports at 1.4620 and 1.4508 zone.
USD-JPY	Resistances lie around 100.8700 and 102.4733. It should test lower towards 99.2667 zone. A clear break of 100.1400 would be bearish.
EUR-JPY	It looks more likely that it would rise to above 134.7750 or 136.0467 from 131.5500 or 129.5967. After which a downside move to below 127.0533 is expected.
EUR-CHF	It looks set for gains to above 1.5306. Supports at 1.5168 and 1.5211. A break of 1.5124 will damage this bullish structure.
EUR-GBP	It may meet resistance in 0.8988 - 0.9019 zone for a drift down to 0.8895 zone, after which bounce to 0.9051 is anticipated.
USD-CAD	Prefer a fall to below 1.2165. Then a correction to above 1.2598 is anticipated. A clear break of 1.2052 is again bearish.
NZD-USD	Current move should be supported in 0.5760 zone for a rise to above 0.6121. A break below 0.5545 opens the way down.
AUD-USD	Currently uptrend should end around 0.7242 - 0.7258 area. A correction down to below 0.7082 is expected. A rise above 0.7321 will abort the expected correction.

Trading Desk, RTFX Ltd
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