Weekly Market Comments - Monday 20 April 2009

[RTFX-Trading]

EUR-USD	Market should meet resistance at 1.3145. We expect then an extended move down to 1.2977 - 1.2668 area.
USD-CHF	It should trade higher to 1.1807 while 1.1555 or 1.1488 offers support. Stop loss below 1.1422 zone.
GBP-USD	While below 1.4819 or 1.4926 it could fall towards below 1.4570 or 1.4355. After which a corrective/consolidation activity is expected.
USD-JPY	It is likely to fall towards 98.0200 as its corrective rally could falter in 99.9800 - 99.3700 area. Stop above 100.5900 zone.
EUR-JPY	Market should meet resistance at 130.8133. We expect then an extended move down to 128.0000 - 124.6800 area.
EUR-CHF	Market should hold major support at 1.5076 before rising towards 1.5273 or even 1.5342 limit.
EUR-GBP	Market should not go lower than 0.8686. After this move down it should go up to 0.8798 - 0.8873 area.
USD-CAD	Market should hold major support at 1.1943 before rising towards 1.2305 or even 1.2460 limit.
NZD-USD	There is bearish potential for a fall to 0.5562 while 0.5747 - 0.5795 resist. After this fall a recovery up to 0.5795 or 0.5843 is expected.
AUD-USD	While below 0.7224 or 0.7268 it could fall towards below 0.7123 or 0.7036. After which a corrective/consolidation activity is expected.
XAG-USD	There is bearish potential for a fall to below 11.4600. Up correction could find resistance around 12.2000. Rise above 12.3950 could weaken this bearish view.
XAU-USD	There is bearish potential for a fall to below 854.8466. Up correction could find resistance around 877.4333. Rise above 883.5599 could weaken this bearish view.

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

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