Daily Market Comments - Wednesday 29 April 2009

[RTFX-Trading]

EUR-USD	It should test 1.3317 area after which a sell off down to 1.3020 or extended to 1.2891 area is expected.
USD-CHF	It looks more likely that it would rise to above 1.1512 or 1.1543 from 1.1424 or 1.1366. After which a downside move to below 1.1304 is expected.
GBP-USD	Difficult to predict the next move. If first down it should hold 1.4575 or 1.4536 to 1.4711. If first up it should face resistance in 1.4663 - 1.4711 zone to 1.4536 zone.
USD-JPY	Market should hold major support at 95.2995 before rising towards 96.9400 or even 97.4400 limit.
EUR-JPY	It should test 129.1400 area after which a sell off down to 125.1600 or extended to 123.5200 area is expected.
EUR-CHF	We prefer to see an attempt to below 1.5009 or below 1.4993 in extension. A clear break of 1.5049 is bullish.
EUR-GBP	It may attempt a test higher to 0.8990 after which weakness may set it to a drift down to below 0.8914 limit.
USD-CAD	There are initial signs of a good corrective recovery towards 1.2230 or even 1.2252. Supports at 1.2180 and 1.2151 zone.
NZD-USD	pippo
AUD-USD	It should test higher than 0.7112. Entry point are at 0.7025 and 0.7000. A break of 0.6939 is bearish.
XAG-USD	Market should meet resistance at 12.6067. We expect then an extended move down to 12.3067 - 12.1400 area.
XAU-USD	Current fall is near an end of wave around 876.4303 - 888.7703 zone, a rally should then procede to above 900.1750 or 905.4067. Fall below 872.4733 would cancel this scenario.

Trading Desk, RTFX Ltd
16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35 | Fax: +356 21 41 24 58

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.