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RTFX Daily Forex Market comments : 02/04/2013


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#1 ⇑ Haut ⇑ 04-02-2013 08:28:27

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RTFX Daily Forex Market comments : 02/04/2013

EUR USD   
Strength can extend to 1.3683 or 1.3720 as declines are expected to find support at 1.3614 or 1.3582. A fall below 1.3509 could turn it bearish.   

USD CHF   
While below 0.9091 it is more likely to fall further towards 0.9027 level. 

GBP USD   
There is bearish potential for a fall to 1.5641 while 1.5760 - 1.5790 resist. After this fall a recovery up to 1.5790 or 1.5821 is expected.   

USD JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 93.67 or 93.35 if support around 92.48 hold. After which a pullback to 92.48 - 92.24 zone is possible.   

USD CAD   
It looks set to visit further lower territory down to around 0.9970 - 0.9959. Its corrective attempts should fail ahead of 0.9989 or 0.9997. Stop loss above 1.0020 zone. 

NZD USD   
While below 0.8460 - 0.8484 it is more likely to fall further towards 0.8418 or 0.8400. Premature rise above 0.8484 could see it rising above 0.8519 zone. 

AUD USD   
It is likely to fall towards 1.0360 - 1.0318 unless a corrective rally breaks the 1.0424 resistance. Stop above 1.0445 zone. 

EUR JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 128.26 or 127.73 if support around 126.07 hold. After which a pullback to 126.07 - 125.61 zone is possible.   

EUR CHF   
It should trade higher to 1.2433 while 1.2370 or 1.2348 offers support. Stop loss below 1.2325 zone.   

EUR GBP   
Current rise seems to be over near 0.8707 or 0.8756 for a retracement towards 0.8657 - 0.8627 area. 

EUR CAD   
It looks more likely that it would rise to 1.3708 from 1.3578 or 1.3534. After which a downside move is expected.   

EUR NZD   
It is likely to fall towards 1.6118 - 1.6064 as its corrective rally could falter in 1.6222 - 1.6272 area. Stop above 1.6379 zone. 

EUR AUD   
Strength can extend to 1.3159 or 1.3207 as declines are expected to find support at 1.3072 or 1.3032. A fall below 1.2936 could turn it bearish.   

GBP CHF   
Market should not go lower than 1.4220 - 1.4140. After this move down it should go up to 1.4353 - 1.4405 area.   

GBP JPY   
While below 146.16 - 146.58 it is more likely to fall further towards 145.37 or 145.00. Premature rise above 146.58 could see it rising above 147.33 zone.   

GBP CAD
Market should not go lower than 1.5660 - 1.5598. After this move down it should go up to 1.5755 - 1.5786 area.

GBP AUD
It looks more likely that it would rise to 1.5244 - 1.5392 from 1.5091 or 1.5016. After which a downside move is expected.

CAD JPY   
Currently uptrend should end around 94.10 - 93.60 area. A correction down to below 92.23 is expected. A rise above 94.08 will abort the expected correction. 

NZD JPY   
Currently uptrend should end around 79.51 - 79.04 area. A correction down to below 77.37 is expected. A rise above 79.62 will abort the expected correction.   

AUD JPY   
Currently uptrend should end around 97.36 - 97.09 area. A correction down to below 95.77 is expected. A rise above 97.57 will abort the expected correction.

XAG USD   
It looks set for gains to 32.21. Supports at 31.57 and 31.38. A break of 30.92 will damage this bullish structure. 

XAU USD   
While above 1664.05 - 1657.94 zone a corrective dip could test 1670.17 or 1680.23.

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