Daily Market Comments - Friday 17 April 2009

[RTFX-Trading]

EUR-USD	It is likely to fall towards 1.3051 unless a corrective rally breaks the 1.3228 resistance. Stop above 1.3262 zone.
USD-CHF	Strength can extend to 1.1492 or even higher than 1.1522 as declines are expected to find support at 1.1431 or 1.1402. A fall below 1.1341 could turn it bearish.
GBP-USD	While above 1.4883 - 1.4821 zone a corrective dip could test 1.4945 or 1.4998 or 1.5050. After which it should resume his downtrend.
USD-JPY	It should trade higher to above 99.6833 while 99.1067 offer support. Minor support at 98.9000. Stop Loss below 98.1167 zone.
EUR-JPY	It should trade higher to 132.1633 or above 133.4267 in extention. Supports at 130.1350 and 130.7667. Stop loss below 129.5033 zone.
EUR-CHF	A correction down to 1.5082 or lower is now expected from 1.5118 or 1.5136. A break above 1.5190 is needed to turn bullish.
EUR-GBP	It may attempt a test higher to 0.8851 after which weakness may set it to a drift down to below 0.8794 limit.
USD-CAD	It should be subject to more sell off towards 1.1988 or 1.1902. Corrective upward swings should face resistance around 1.2090 area. A break of 1.2192 is bullish.
NZD-USD	It is likely to attempt nearer support at 0.5663 for extending further to below 0.5598 while below 0.5727 - < FN5> area. Rise above 0.5808 would dampen this bearish expectation.
AUD-USD	Market should pop up towards 0.7303 or 0.7398 this bullish scenario would be damaged if 0.7172 - 0.7167 zone is broken, a severe break down could then occur.

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.