Daily Market Comments - Tuesday 28 April 2009

[RTFX-Trading]

EUR-USD	Market should meet resistance at 1.3095. We expect then an extended move down to 1.3003 - 1.2864 area.
USD-CHF	It should trade higher to 1.1653 while 1.1507 or 1.1459 offers support. Stop loss below 1.1411 zone.
GBP-USD	Market should hold major support at 1.4505 before rising towards 1.4720 or even 1.4797 limit.
USD-JPY	It may meet resistance in 96.7600 - 96.7700 zone for a drift down to 96.7300 zone, after which bounce to 96.9350 is anticipated.
EUR-JPY	Market should pop up towards 127.7433 or 129.3467 this bullish scenario would be damaged if 124.4599 - 124.4400 zone is broken, a severe break down could then occur.
EUR-CHF	Market should hold major support at 1.4998 before rising towards 1.5095 or even 1.5124 limit.
EUR-GBP	There is bearish potential for a fall to 0.8836 while 0.8945 - 0.8977 resist. After this fall a recovery up to 0.8977 or 0.9009 is expected.
USD-CAD	It should be subject to more sell off towards 1.2117 or 1.2027. Corrective upward swings should face resistance around 1.2327 area. A break of 1.2282 is bullish.
NZD-USD	null
AUD-USD	Market should meet resistance at 0.7134. We expect then an extended move down to 0.7088 - 0.6997 area.
XAG-USD	Preferred view is for a fall to below 12.7200 while 12.9100 - 12.9900 area resists. A clear break of 13.1800 would be bullish.
XAU-USD	While below 910.2100 or 912.6499 it could fall towards below 901.7699 or 896.8900. After which a corrective/consolidation activity is expected.

Trading Desk, RTFX Ltd
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