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Update Time:     04 May 2009 14:28GMT
DAILY USD/CHF OUTLOOK - 1.1313

Despite intra-day brief but strg rebound fm
1.1322 to 1.1422, subsequent selloff suggests conso
lidation with downside bias remains, however, a
breach of last wk's low of 1.1272 needed to confirm
recent decline fm 1.1742 has resumed to 1.1240.

Wud be prudent to exit short n look to sell
again on recovery as 1.1433 res wud remain intact..

   Rate:          1.1313
   Strategy:     Exit short
   Position:     Short at 1.1405
   Objective:   
   Stop-Loss:     
   Resistance:     1.1433/1.1545/1.1605
   Support:         1.1272/1.1240/1.1213

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Update Time:     04 May 2009 14:15GMT
DAILY EUR/USD OUTLOOK - 1.3335

Despite early brief but strg retreat fm 1.3347
to 1.3213, subsequent rebound after holding abv
1.3190 sup suggests consolidation with upside bias
wud be seen but breach of 1.3385 needed to confirm
rise fm 1.2885 has resumed n extend to 1.3413/20.

Trade fm long side with stop as indicated,
break wud prolong choppy trading n risk 1.3213...

   Rate:          +1.3335+
   Strategy:     +Target met+
   Position:     +Long at 1.3235+
   Objective:   1.3335
   Stop-Loss:     
   Resistance:     1.3347/1.3385/1.3413
   Support:         1.3213/1.3190/1.3120
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Update Time:     04 May 2009 14:04GMT
INTRA-DAY GBP/USD OUTLOOK - 1.4965

Present breach of 1.4918 confirms pullback fm
1.4981 has ended earlier at 1.4835 n consolidation
with upside bias wud be seen for gain to 1.4966,
however, breach of said res needed to extend upmove
fm 1.4397 to 1.5010/20.

Buy at market with stop as indicated, break
wud prolong choppy trading n risk 1.4850/60...

   Rate:          +1.4965+
   Strategy:     +Target met+
   Position:     +Long at 1.4920+
   Objective:   1.4965  
   Stop-Loss:     
   Resistance:     1.4966/1.4981/1.5069
   Support:         1.4835/1.4751/1.4703
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Update Time:     04 May 2009 14:01GMT
DAILY EUR/JPY OUTLOOK - 132.40

Euro's firmness suggests recent upmove fm 124.38
remains in progress n further gain to 133.34/40 n
possibly 133.70/80 wud be seen, however, loss of
upward momentum shud cap price below 134.33 res n
bring a much-needed correction later.

Raise long entry for this move with stop below
131.23, break wud risk fall to 130.30...

   Rate:          +132.40+
   Strategy:     +Target met+
   Position:     +Long at 131.40+
   Objective:   +132.40+   
   Stop-Loss:     
   Resistance:     132.87/133.34/134.33
   Support:         131.23/130.85/130.30
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Update Time:     04 May 2009 13:48GMT
INTRA-DAY USD/CHF OUTLOOK - 1.1362

Despite dlr's brief but strg rebound fm 1.1322
to 1.1422, subsequent retreat after faltering below
1.1433 res suggests further choppy trading inside
1.1272-1.1433 broad range wud be seen n weakness to
1.1364 is likely, break wud bring fall to 1.1322.

Sell on recovery with stop as indicated, abv
wud yield stronger retrace. to 1.1460/65...

   Rate:          +1.1362+
   Strategy:     +Target met+
   Position:     +Short at 1.1392+
   Objective:   +1.1362+   
   Stop-Loss:     
   Resistance:     1.1433/1.1500/1.1545
   Support:         1.1364/1.1322/1.1272

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Update Time:     04 May 2009 13:46GMT
INTRA-DAY EUR/USD OUTLOOK - 1.3288

As 1.3213 has contained intra-day strg retreat
fm 1.3347, present recovery suggests consolidation
with upside bias wud be seen n gain to 1.3275/80 is
likely, however, breach of 1.3295 needed to retain
bullishness n extend to 1.3326/28.

Buy on dips with stop as indicated, break wud
risk weakness twds daily 1.3190 sup....

   Rate:          +1.3288+
   Strategy:     +Target met+
   Position:     +Long at 1.3258+
   Objective:   +1.3288+   
   Stop-Loss:     
   Resistance:     1.3328/1.3347/1.3385
   Support:         1.3213/1.3190/1.3167
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Update Time:     04 May 2009 03:15GMT
DAILY USD/CAD OUTLOOK - 1.1807

Despite anticipated resumption of usd's recent
decline, loss of momentum shud limit downside to
1.1760/70 n yield a corrective rebound later.

Exit short at 1.1880 n stand aside as only abv
1.1900 signals temp. low is in place, 1.1954...

   Rate:          1.1807
   Strategy:     Exit short
   Position:     Short at 1.1880
   Objective:     
   Stop-Loss:     
   Resistance:     1.1880/1.1954/1.1982
   Support:         1.1761/1.1733/1.1682
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