Daily Market Comments - Thursday 23 April 2009

[RTFX-Trading]

EUR-USD	A corrective/consolidation activity between 1.2914 and 1.3093 is likely for a while.
USD-CHF	null
GBP-USD	Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.4439 or 1.4363. Major support is clustered around 1.4390 limit.
USD-JPY	null
EUR-JPY	It should trade higher to 128.3133 while 127.2667 or 126.8450 offers support. Stop loss below 126.4233 zone.
EUR-CHF	Current rise is now over. Objectives of this downmove are at 1.5095 or 1.5057. A rise above 1.5203 is again bullish.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.8988 or 0.9101 if support around 0.8926 hold. After which a pullback to 0.8926 - 0.8894 zone is possible.
USD-CAD	While below 1.2401 or 1.2437 it could fall towards below 1.2326 or 1.2254. After which a corrective/consolidation activity is expected.
NZD-USD	While below 0.5544 - 0.5576 it might drop to 0.5511 or below 0.5468 zone.
AUD-USD	It is a triangle configuration. Market should break either side. Acceleration should occur above 0.7121 or under 0.7003 limits.
XAG-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 12.3800 or 12.5300 if support around 12.2200 hold. After which a pullback to 12.2200 - 12.1600 zone is possible.
XAU-USD	A correction down to 883.2401 or lower is now expected from 888.4700 or 891.6700. A break above 900.1000 is needed to turn bullish.

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