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CURRENCIES

The March Dollar closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. 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 December's high, weekly support crossing at 87.45 is the next downside target. Closes above the 20-day moving average crossing at 91.79 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 91.23. Second resistance is the 20-day moving average crossing at 91.79. First support is Wednesday's low crossing at 89.96. Second support is weekly support crossing at 87.45.

The March Euro closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 120.61 would confirm that a short-term top has been posted. If March extends the rally off November's low, weekly resistance crossing at 125.34 is the next upside target. First resistance is Wednesday's high crossing at 123.68. Second resistance is weekly resistance crossing at 125.34. First support is the 10-day moving average crossing at 121.33. Second support is the 20-day moving average crossing at 119.39.

The March British Pound closed higher on Thursday as it extends the rally off November's low. The high-range close sets the stage for a steady to higher opening when Friday'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 March extends the rally off November's low, the 38% retracement level of the 2014-2016-decline crossing at 1.4057 is the next upside target. Closes below the 20-day moving average crossing at 1.3581 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 1.3972. Second resistance is the 38% retracement level of the 2014-2016-decline crossing at 1.4057. First support is the 10-day moving average crossing at 1.3681. Second support is the 20-day moving average crossing at 1.3581.

The March Swiss Franc closed higher on Thursday as it extends the rally off October's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. If March extends the rally off October's low, the 75% retracement level of the July-September-decline crossing at 1.0588 is the next upside target. Closes below the 20-day moving average crossing at 1.0294 are needed to confirm that a short-term top has been posted. First resistance is the 62% retracement level of the July-September-decline crossing at 1.0494. Second resistance is the 75% retracement level of the July-September-decline crossing at 1.0588. First support is the 10-day moving average crossing at 1.0342. Second support is the 20-day moving average crossing at 1.0294.

The March Canadian Dollar closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March resumes the rally off December's low, the 75% retracement level of the September-December-decline crossing at 81.41 is the next upside target. Closes below the 20-day moving average crossing at 79.67 are needed to confirm that a short-term top has been posted. First resistance is last Friday's high crossing at 81.00. Second resistance is the 75% retracement level of the September-December-decline crossing at 81.41. First support is the 20-day moving average crossing at 79.67. Second support is the 50-day moving average crossing at 78.90.

The March Japanese Yen closed higher on Thursday. The mid-range close sets the stage for a steady to higher opening when Friday'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 50-day moving average crossing at 0.8930 would confirm that a short-term top has been posted. If March extends the rally off December's low, the 62% retracement level of the September-November-decline crossing at 0.9142 is the next upside target. First resistance is Wednesday's high crossing at 0.9104. Second resistance is the 62% retracement level of the September-November-decline crossing at 0.9142. First support is January's low crossing at 0.8849. Second support is December's low crossing at 0.8840.

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