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CURRENCIES

The June Dollar closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off March's high, the 25% retracement level of the 2014-2015-rally crossing at 95.62 is the next downside target. Closes above the 10-day moving average crossing at 98.36 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 98.36. Second resistance is March's high crossing at 100.78. First support is the 25% retracement level of the 2014-2015-rally crossing at 95.62. Second support is the late-February low crossing at 94.53.

The June Euro closed higher on Friday as it consolidates above the 20-day moving average crossing at 108.35. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, the 25% retracement level of the 2014-2015-decline crossing at 113.42 next upside target. First resistance is Thursday's high crossing at 110.64. Second resistance is the 25% retracement level of the 2014-2015-decline crossing at 113.42. First support is March's low crossing at 104.73. Second support is weekly support crossing at 102.60.

The June British Pound closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 1.4965 are needed to confirm that a short-term low has been posted. If June resumes this winter's decline, weekly support crossing at 1.4408 is the next downside target. First resistance is the 20-day moving average crossing at 1.4965. Second resistance is the reaction high crossing at 1.5145. First support is last Wednesday's low crossing at 1.4625. Second support is weekly support crossing at 1.4408.

The June Swiss Franc closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, the 38% retracement level of the January-March-decline crossing at 1.0697 is the next upside target. Closes below the 20-day moving average crossing at 1.0227 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 1.0569. Second resistance is the the 38% retracement level of the January-March-decline crossing at 1.0697. First support is the 20-day moving average crossing at 1.0227. Second support is March's low crossing at 0.9910. Third support is January's low crossing at 0.9897.

The June Canadian Dollar closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. 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 0.7919 would confirm that a short-term top has been posted. If June extends the rally off last week's low, February's high crossing at 0.8076 is the next upside target. If June resumes this winter's decline, monthly support crossing at 76.53 is the next downside target. First resistance is Thursday's high crossing at 80.49. Second resistance is February's high crossing at 80.76. First support is the 10-day moving average crossing at 0.7919. Second support is last Wednesday's low crossing at 77.81. Third support is monthly support crossing at 76.53.

The June Japanese Yen closed slightly higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher pirces are possible near-term. Today's close above last Wednesday's high crossing at .8395 confirms that a short-term low has been posted. Closes below the 20-day moving average crossing at .8313 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at .8460. Second resistance is February's high crossing at .8562. First support is the 20-day moving average crossing at .8313. Second support is March's low crossing at .8205. Third support is monthly support crossing at .7956.

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