Weekly Market Comments - Monday 27 April 2009

[RTFX-Trading]

EUR-USD	Corrective dips should ideally halt near 1.3143 or 1.3063 for one more thrust upwards towards 1.3272 - 1.3400 area or 1.3559 in extention. Fall below 1.2984 puts it back on a downward path.
USD-CHF	Bullish reaction to above 1.1642 is anticipated from 1.1373 - 1.1396 zone. Stop loss below 1.1104 zone.
GBP-USD	It should trade higher to above 1.4848 while 1.4622 offer support. Minor support at 1.4527. Stop Loss below 1.4206 zone.
USD-JPY	It should see a sell off to below 96.0300 while 97.7200 area curtails its upside. A break beyond 98.8000 will abort the downside.
EUR-JPY	It should test higher than 130.0733. Entry point are at 127.3350 and 126.5933. A break of 124.5967 is bearish.
EUR-CHF	Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.5047 or 1.5035. Major support is clustered around 1.4971 limit.
EUR-GBP	It should trade higher to 0.9145 while 0.8971 or 0.8915 offers support. Stop loss below 0.8859 zone.
USD-CAD	It looks more likely that it would rise to above 1.2300 or 1.2375 from 1.2084 or 1.1944. After which a downside move to below 1.1794 is expected.
NZD-USD	It should test 0.5948 area after which a sell off down to 0.5561 or extended to 0.5398 area is expected.
AUD-USD	It should test 0.7482 area after which a sell off down to 0.7039 or extended to 0.6852 area is expected.
XAG-USD	A corrective/consolidation activity between 12.1433 and 13.8400 is likely for a while.
XAU-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 917.4012 or 946.2500 if support around 897.2000 hold. After which a pullback to 897.2000 - 888.7750 zone is possible.

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