Daily Market Comments - Monday 20 April 2009

[RTFX-Trading]

EUR-USD	Market should not go lower than 1.2948. After this move down it should go up to 1.3022 - 1.3080 area.
USD-CHF	Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1777 or 1.1838 if support around 1.1607 hold. After which a pullback to 1.1607 - 1.1566 zone is possible.
GBP-USD	It should register further gains to 1.4899 while 1.4713 caps downside attempts. Stop loss below 1.4641 zone.
USD-JPY	It looks set for gains to above 99.7467. Supports at 98.9800 and 99.2333. A break of 98.7267 will damage this bullish structure.
EUR-JPY	Market should meet resistance at 129.8533. We expect then an extended move down to 128.4732 - 127.5600 area.
EUR-CHF	Current rise seems to be over near 1.5222 or 1.5264 for a retracement towards 1.5179 - 1.5150 area.
EUR-GBP	While below 0.8801 - 0.8821 it might drop to 0.8782 or below 0.8753 zone.
USD-CAD	While below 1.2194 it is more likely to fall further towards 1.2111 or 1.2088. Premature rise above 1.2194 could see it rising above 1.2239 zone.
NZD-USD	Market should not go lower than 0.5598. After this move down it should go up to 0.5654 - 0.5687 area.
AUD-USD	Is expected to fall lower than 0.7140. Entry sell point are at 0.7219 or 0.7236. Stop loss above 0.7236.
XAG-USD	It may meet resistance in 11.8500 - 11.9800 zone for a drift down to 11.4600 zone, after which bounce to 12.0650 is anticipated.
XAU-USD	It may meet resistance in 867.1000 - 869.7767 zone for a drift down to 859.0698 zone, after which bounce to 872.0750 is anticipated.

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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