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RTFX Daily Forex Market comments : 03/04/2013


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#1 ⇑ Haut ⇑ 04-03-2013 08:26:27

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RTFX Daily Forex Market comments : 03/04/2013

EUR USD
One more dip to 1.2994 is likely followed by a grind higher to 1.3093. After which it can resume its downtrend.   

USD CHF   
While below 0.9448 - 0.9480 it is more likely to fall further towards 0.9392 or 0.9368. Premature rise above 0.9480 could see it rising above 0.9527 zone.   

GBP USD   
Market should not go lower than 1.5002 - 1.4940. After this move down it should go up to 1.5102 - 1.5140 area.   

USD JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 94.13 or 94.03 if support around 93.24 hold. After which a pullback to 93.24 - 93.01 zone is possible.   

USD CAD   
There are initial signs of a good corrective recovery towards 1.0307 or even 1.0322. Supports at 1.0267 and 1.0242 zone. 

NZD USD   
Market should pop up towards 0.8271 or 0.8289 this bullish scenario would be damaged if 0.8232 - 0.8210 zone is broken, a severe break down could then occur.   

AUD USD
It should register further gains to 1.0233 while 1.0174 - 1.0148 caps downside attempts. Stop loss below 1.0114 zone.

EUR JPY   
It should try higher up to 122.02 - 122.57. Entry point 121.46 or 121.11. After this rise, a correction is expected.

EUR CHF
Currently uptrend should end around 1.2318 - 1.2306 area. A correction down to below 1.2243 is expected. A rise above 1.2331 will abort the expected correction.   

EUR GBP   
It should trade higher to 0.8701 while 0.8655 or 0.8640 offers support. Stop loss below 0.8626 zone. 

EUR NZD   
Market should hold major support at 1.5704 before rising towards 1.5847 or even 1.5904 limit.   

EUR AUD   
Market should hold major support at 1.2693 before rising towards 1.2812 or even 1.2857 limit.   

GBP CHF   
Currently uptrend should end around 1.4191 - 1.4223 area. A correction down to below 1.4101 is expected. A rise above 1.4281 will abort the expected correction.   

GBP JPY   
Corrective dips should ideally halt near 139.83 or 139.47 for one more thrust upwards towards 140.73 - 141.27 area or 142.00 in extention. Fall below 138.39 puts it back on a downward path.   

GBP CAD   
There is bearish potential for a fall to 1.5352 while 1.5496 - 1.5533 resist. After this fall a recovery up to 1.5533 or 1.5570 is expected. 

GBP AUD   
Market should not go lower than 1.4707 - 1.4657. After this move down it should go up to 1.4791 - 1.4825 area. 

CAD JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 91.23 or 91.65 if support around 90.65 hold. After which a pullback to 90.65 - 90.38 zone is possible.   

NZD JPY   
Uptrend is still intact in a triangle configuration. It should continue to rally to 77.56 or 77.58 if support around 76.93 hold. After which a pullback to 76.93 - 76.73 zone is possible.   

AUD JPY   
Currently uptrend should end around 95.92 - 95.90 area. A correction down to below 94.71 is expected. A rise above 96.36 will abort the expected correction.   

XAG USD   
It should test 28.99 area after which a sell off down to 28.10 or extended to 27.62 area is expected. 

XAU USD   
Current fall is near an end of wave around 1564.69 zone, a rally should then procede to above 1587.04. Fall below 1553.68 would cancel this scenario.

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