TECHNICAL ANALYSIS

4 APR 2011

MARKET COMMENTARY

APF Trading
APF Trading
9 Battery Road
12F Straits Trading Building
Singapore 049910

Jay Ng
jay.ng@apftrading.com

Glenn Ho
glenn.ho@apftrading.com

Website:
www.apftrading.com
www.asiapacfinance.com
Euro Dollar
Euro Dollar

It’s been a month since the Tenkan sen / Kijun Sen
medium bullish crossover occurred.

Prices has also broken out of the Kumo Cloud.

We would like the Chikou Span to break out of the
Kumo in the coming months for additional bullish
momentum.

Our view is for the Eurusd to be bias towards the
upside, with support at 1.3833
Australian Dollar
Australian Dollar

Great bull run on the Aussie dollar above the Kumo
cloud.

We maintain the view that the Aussie has more legs
to run with support at 1.0058 and 0.9976