Daily Market Comments - Thursday 16 April 2009

[RTFX-Trading]

EUR-USD	Market should hold major support at 1.3102 before rising towards 1.3301 or even 1.3376 limit.
USD-CHF	Strength can extend to 1.1458 or even higher than 1.1488 as declines are expected to find support at 1.1397 or 1.1367. A fall below 1.1307 could turn it bearish.
GBP-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5023 or 1.5167 if support around 1.4952 hold. After which a pullback to 1.4952 - 1.4910 zone is possible.
USD-JPY	It should test 100.3300 area after which a sell off down to 98.4667 or extended to 97.5533 area is expected.
EUR-JPY	Is expected to fall lower than 129.1767. Entry sell point are at 131.6250 or 132.1933. Stop loss above 132.1933.
EUR-CHF	It is likely to fall towards 1.5039 unless a corrective rally breaks the 1.5135 resistance. Stop above 1.5155 zone.
EUR-GBP	It may meet resistance in 0.8818 - 0.8840 zone for a drift down to 0.8752 zone, after which bounce to 0.8867 is anticipated.
USD-CAD	Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1978 or 1.1970. Major support is clustered around 1.1898 limit.
NZD-USD	It should test higher than 0.5855. Entry point are at 0.5774 and 0.5753. A break of 0.5694 is bearish.
AUD-USD	It should test 0.7421 area after which a sell off down to 0.7193 or extended to 0.7099 area is expected.

Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58

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.