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Update Time:    28 Apr 2009 15:09GM
EUROPEAN CLOSING USD/CHF OUTLOOK - 1.1500

Dlr's breach of 1.1545 confirms upmove fm
1.1350 has formed a top at 1.1605 y'day n consolida
tion with downside bias is seen for a retrace. twds
1.1500, however, reckon 1.1475/80 shud contain
downside n yield rebound later.

Trade fm short side with stop as indicated,
break wud risk gain to 1.1575/80...

   Rate:          +1.1500+
   Strategy:    +Target met+
   Position:     Short at 1.1540
   Objective:     1.1500
   Stop-Loss:     
   Resistance:     1.1605/1.1628/1.1677
   Support:           1.1500/1.1439/1.1405

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Update Time:    28 Apr 2009 12:23GM
SPOT GOLD DAILY OUTLOOK - 890.50

Despite intra-day recovery after the brief but
sharp selloff to 886.90, as the decline fm 918.50
suggests erratic rise fm 864.10 has ended there
y'day, reckon 900/901 wud limit upside n bring
another fall for re-test of said sup n below wud
extend subsequent weakness to 878/880.

Wud be prudent to take profit on present fall n
look to sell again on recovery as 901/902 shud
remain intact...

   Rate:           890.50
   Strategy:     Exit short
   Position:     Short at 900.00
   Objective:     
   Stop-Loss:     
   Resistance:     907.30/914.00/918.50
   Support:           886.90/879.90/873.00

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Update Time:    28 Apr 2009 11:29GMT
INTRA-DAY GBP/USD OUTLOOK - 1.4613

Cable's firmness after the release of much
better-than-expected U.K. CBI retail sales data
suggests choppy trading abv 1.4515/18 sup area wud
continue with upside bias n marginal gain fm here
is seen, however, reckon 1.4659 shud cap upside.

Wud be prudent to exit long n stand aside. Below
1.4570/75 wud signal recovery is over, 1.4540/45...

   Rate:          1.4613
   Strategy:     Exit long
   Position:     Long at 1.4568
   Objective:     
   Stop-Loss:     
   Resistance:     1.4628/1.4659/1.4698
   Support:           1.4515/1.4443/1.4397

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Update Time:     28 Apr 2009 07:18GMT
DAILY GBP/JPY CROSS OUTLOOK - 139.35

Although sterling's breach of 140.18 confirms
recent decline has resumed, o/sold condition shud
limit downside to 138.60/70 n yield rebound later.

Exit short at 139.90 n stand aside. Abv 140.18
wud bring correction to 141.00/10 b4 down...

   Rate:           139.35
   Strategy:     Exit short
   Position:     Short at 139.90
   Objective:     
   Stop-Loss:     
   Resistance:     140.18/141.26/142.08
   Support:           139.05/138.60/138.00
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Update Time:     28 Apr 2009 06:04GMT
INTRA-DAY EUR/JPY OUTLOOK - +124.60+

As euro has remained under pressure after intra-
day breach of 125.65 (y'day's low), suggesting the
decline fm 137.42 wud extend to 124.50/60 n then
twd 124.30, however, o/sold condition has increased
risk of a rebound.

Sell on minor pullback with stop as indicated,
break wud yield correction to 125.60/70 b4 down...

   Rate:            +124.60+
   Strategy:     +Target met+
   Position:     +Short at 125.10+
   Objective:     +124.60+
   Stop-Loss:     
   Resistance:     125.15/125.65/126.07
   Support:           124.40/124.00/123.62
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Update Time:     28 Apr 2009 00:32GMT
DAILY AUD/USD OUTLOOK - 0.7053

Although aussie's anticipated selloff suggests
the rise fm 0.6953 has ended earlier at 0.7240, a
breach of 0.7002 is needed to signal another leg of
decline fm this month's high at 0.7328 is under way
for re-test of 0.6953 n then 0.6890/00.

Wud be prudent to exit short n then stand aside.
Abv 0.7120/25 wud prolong consolidation, 0.7160/70.

   Rate:            0.7053
   Strategy:     Exit short
   Position:     Short at 0.7145
   Objective:     
   Stop-Loss:     
   Resistance:     0.7123/0.7171/0.7240
   Support:           0.7002/0.6953/0.6865
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