Daily Market Comments - Wednesday 22 April 2009

[RTFX-Trading]

EUR-USD	pippo
USD-CHF	It is likely to fall towards 1.1635 as its corrective rally could falter in 1.1697 - 1.1677 area. Stop above 1.1718 zone.
GBP-USD	It should test 1.4843 area after which a sell off down to 1.4525 or extended to 1.4376 area is expected.
USD-JPY	It may attempt a test higher to 98.8200 after which weakness may set it to a drift down to below 98.0033 limit.
EUR-JPY	It should test 129.2300 area after which a sell off down to 126.5567 or extended to 125.3133 area is expected.
EUR-CHF	It looks set to visit further lower territory down to below 1.5067. Its corrective attempts should fail around 1.5124 area.
EUR-GBP	It looks more likely that it would rise to 0.8887 from 0.8818 or 0.8785. After which a downside move is expected.
USD-CAD	A corrective rise should ideally test 1.2466 or even higher than 1.2574. Supports are at 1.2239. Stop loss below 1.2218 zone.
NZD-USD	It should be subject to more sell off towards 0.5546 or 0.5453. Corrective upward swings should face resistance around 0.5758 area. A break of 0.5721 is bullish.
AUD-USD	It may attempt a test higher to 0.7122 after which weakness may set it to a drift down to below 0.7010 limit.
XAG-USD	It is a triangle configuration. Market should break either side. Acceleration should occur above 12.2600 or under 11.9000 limits.
XAU-USD	There are initial signs of a good corrective recovery towards 889.5100 or even 893.0133. Supports at 881.3850 and 876.7633 zone.

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