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CURRENCIES

The June Dollar was higher overnight as it extends the rebound off last Friday's low. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If June renews this month's rally, March's high crossing at 100.78 is the next upside target. If June extends last week's decline, the reaction low crossing at 96.49. First resistance is last Monday's high crossing at 100.27. Second resistance is March's high crossing at 100.78. First support is the reaction low crossing at 96.49. Second support is March's low crossing at 94.76.

The June Euro was lower overnight. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If June resumes this month's decline, March's low crossing at 104.73 is the next downside target. Closes above the 20-day moving average crossing at 107.96 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 107.96. Second resistance is April's high crossing at 110.47. First support is last Monday's low crossing at 105.29. Second support is March's low crossing at 104.73.

The June British Pound was lower overnight as it consolidates some of last week's rally. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 10-day moving average crossing at 1.4832 would confirm that a short-term top has been posted. If June renews last week's rally, the reaction high crossing at 1.5145 is the next upside target. First resistance is last Friday's high crossing at 1.5048. Second resistance is the reaction high crossing at 1.5145. First support is last Monday's low crossing at 1.4560. Second support is weekly support crossing at 1.4408.

The June Swiss Franc was lower overnight as it consolidates some of last week's rally. Stochastics and the RSI are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 10-day moving average crossing at 1.0378 would confirm that a short-term top has been posted. Closes below last Monday's low crossing at 1.0162 would open the door for a test of March's low crossing at 0.9910. Closes above the reaction high crossing at 1.0579 are needed to renew the rally off March's low. First resistance is April's high crossing at 1.0579. Second resistance is the 38% retracement level of the January-March-decline crossing at 1.0697. First support last Monday's low crossing at 1.0162. Second support is March's low crossing at 0.9910.

The June Canadian Dollar was lower overnight as it consolidates some of this month's rally. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 80.08 would confirm that a short-term top has been posted. If June extends the rally off March's low, the 38% retracement level of the 2014-2015-declne crossing at 84.82 is the next upside target. First resistance is the 25% retracement level of the 2014-2015-declne crossing at 82.37. Second resistance is the 38% retracement level of the 2014-2015-declne crossing at 84.82. First support is the 10-day moving average crossing at 80.59. Second support is the 20-day moving average crossing at 80.08.

The June Japanese Yen was lower overnight as it extends the trading range of the past five-months. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above March's high crossing at .8460 are needed to confirm that a low has been posted. Closes below the reaction low crossing at .8287 would confirm that a short-term top has been posted. First resistance is April's high crossing at .8431. Second resistance is March's high crossing at .8460. First support is the reaction low crossing at .8287. Second support is March's low crossing at .8205.

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