Daily Market Comments - Monday 27 April 2009

[RTFX-Trading]

EUR-USD	While below 1.3324 it is more likely to fall further towards 1.3177 or 1.3136. Premature rise above 1.3324 could see it rising above 1.3407 zone.
USD-CHF	It may meet resistance in 1.1396 - 1.1424 zone for a drift down to below 1.1248 zone.
GBP-USD	It looks more likely that it would rise to above 1.4715 or 1.4762 from 1.4616 or 1.4564. After which a downside move to below 1.4470 is expected.
USD-JPY	It is likely to fall towards 95.7900 unless a corrective rally breaks the 97.6300 resistance. Stop above 97.9600 zone.
EUR-JPY	Market looks set for gains towards 129.4833 or above in extension. Dips should find support at 128.3667 - 127.9200 zone.
EUR-CHF	It looks set to visit further lower territory down to around 1.5062. Its corrective attempts should fail ahead of 1.5103 or 1.5117. Stop loss above 1.5131 zone.
EUR-GBP	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9081 or 0.9173 if support around 0.9013 hold. After which a pullback to 0.9013 - 0.8978 zone is possible.
USD-CAD	It should see a sell off to below 1.2023 while 1.2146 area curtails its upside. A break beyond 1.2219 will abort the downside.
NZD-USD	Current rise seems to be over near 0.5732 or 0.5776 for a retracement towards 0.5689 - 0.5663 area.
AUD-USD	Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7287 or 0.7322 if support around 0.7190 hold. After which a pullback to 0.7190 - 0.7166 zone is possible.
XAG-USD	One move lower to 12.7300 or 12.5900 is anticipated while below 12.9100 - 12.9800 area. Stop loss above 13.0900 zone.
XAU-USD	One move lower to 905.5500 or 898.5500 is anticipated while below 913.3000 - 916.8000 area. Stop loss above 921.0500 zone.

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