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The March Dollar closed higher due to short covering on Monday as it consolidates around the 38% retracement level of the August-January rally crossing at 79.17. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the 50% retracement level of the aforementioned rally crossing at 78.28 is the next downside target. Closes above the 20-day moving average crossing at 80.18 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 80.18. Second resistance is January's high crossing at 82.04. First support is last Wednesday's low crossing at 78.74. Second support is the 50% retracement level of the aforementioned rally crossing at 78.28.

The March Euro closed slightly lower on Monday as it extends the trading range of the past seven days. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off January's low, the 50% retracement level of the October-January decline crossing at 134.30 is the next upside target. Closes below the 20-day moving average crossing at 129.71 would temper the near-term friendly outlook. First resistance is the reaction high crossing at 132.23. Second resistance is the 50% retracement level of the aforementioned decline crossing at 134.30. First support is the 20-day moving average crossing at 129.71. Second support is January's low crossing at 126.27.

The March British Pound closed higher on Monday as it consolidates above December's high crossing at 1.5761. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off this month's low, November's high crossing at 1.6101 is the next upside target. Closes below the 20-day moving average crossing at 1.5573 would temper the near-term friendly outlook. First resistance is last Wednesday's high crossing at 1.5880. Second resistance is November's high crossing at 1.6101. First support is the 10-day moving average crossing at 1.5735. Second support is the 20-day moving average crossing at 1.5573.

The March Swiss Franc closed lower on Monday extending the trading range of the past seven days. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off January's low, the reaction high crossing at .11058 is the next upside target. Closes below the 20-day moving average crossing at .10745 would temper the near-term friendly outlook. First resistance is last Wednesday's high crossing at .10982. Second resistance is the reaction high crossing at .11058. First support is the 20-day moving average crossing at .10745. Second support is January's low crossing at .10431.

The March Canadian Dollar posted an inside day with a lower close on Monday as it consolidated some of the rally off October's low. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this rally, October's high crossing at 100.75 is the next upside target. Closes below the 20-day moving average crossing at 99.01 would confirm that a short-term top has been posted. First resistance is last day's high crossing at 100.63. Second resistance is October's high crossing at 100.75. First support is the 10-day moving average crossing at 99.78. Second support is the 20-day moving average crossing at 99.01.

The March Japanese Yen closed slightly lower on Monday as it consolidates some of the rally off January's low. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI 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 .13022 would temper the near-term friendly outlook. If March extends the rally off January's low, October's high crossing at .13279 is the next upside target. First resistance is last Wednesday's high crossing at .13160. Second resistance is October's high crossing at .13279. First support is the 20-day moving average crossing at .13022. Second support is January's low crossing at .12779.