Daily Market Comments - Wednesday 15 April 2009

[RTFX-Trading]

EUR-USD	It looks more likely that it would rise to above 1.3320 or 1.3351 from 1.3242 or 1.3196. After which a downside move to below 1.3134 is expected.
USD-CHF	It should test 1.1389 area after which a sell off down to 1.1322 or extended to 1.1258 area is expected.
GBP-USD	One move lower to 1.4833 or 1.4769 is anticipated while below 1.4920 - 1.4952 area. Stop loss above 1.5007 zone.
USD-JPY	Overall structure is bearish. Decelerating momentum could attract it towards supports at 98.5629 or 98.3367. Major support is clustered around 97.7700 limit.
EUR-JPY	There is bearish potential for a fall to 130.0833 while 132.2067 - 132.7850 resist. After this fall a recovery up to 132.7850 or 133.3633 is expected.
EUR-CHF	Market should not go lower than 1.5061. After this move down it should go up to 1.5092 - 1.5123 area.
EUR-GBP	Market should meet resistance at 0.8932. We expect then an extended move down to 0.8871 - 0.8808 area.
USD-CAD	It should test 1.2154 area after which a sell off down to 1.2064 or extended to 1.1976 area is expected.
NZD-USD	There is bearish potential for a fall to 0.5796 while 0.5861 - 0.5879 resist. After this fall a recovery up to 0.5879 or 0.5897 is expected.
AUD-USD	It looks more likely that it would rise to above 0.7282 or 0.7300 from 0.7233 or 0.7203. After which a downside move to below 0.7167 is expected.

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