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The March Dollar was slightly higher in overnight trading. The high-range overnight trade sets the stage for a steady to slightly higher opening when the day session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $90.42 would signal that a short-term top has been posted. If March extends the rally off last-Thursday's low, February's high crossing at $91.61 is the next upside target. First resistance is Tuesday's high crossing at $91.41. Second resistance is February's high crossing at $91.61. First support is the 50-day moving average crossing at $90.42. Second support is last-Thursday's low crossing at $89.68.

The March Euro was steady to slightly lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. Closes above the 50-day moving average crossing at $121.59 are needed to signal that a short-term low has been posted. If March extends the decline off last-Thursday's high, February's low crossing at $119.60 is the next downside target. First resistance is the 75% retracement level of the January-February-decline crossing at $122.69. Second resistance is the 87% retracement level of the January-February-decline crossing at $123.18. First support is Tuesday's low crossing at $119.94. Second support is February's low crossing at $119.60.

The March British Pound was steady to slightly lower overnight. The low-range overnight trade sets the stage for a steady to slightly lower opening when the day session beings trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.3901 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If March renews the rally off September's low, the 87% retracement level of the 2017-2020-decline crossing at 1.4577 is the next upside target. First resistance is last-Wednesday's high crossing at 1.4245. Second resistance is the 87% retracement level of the 2017-2020-decline crossing at 1.4577. First support is the 20-day moving average crossing at 1.3901. Second support is the 50-day moving average crossing at 1.3726.

The March Swiss Franc was lower overnight as it extends the decline off January's high. The low-range overnight trade sets the stage for a steady to lower opening when the day 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 last-Tuesday's high, the 50% retracement level of the 2020-2021-rally crossing at 1.0855 is the next downside target. Closes above the 20-day moving average crossing at 1.1107 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.1040. Second resistance is the 20-day moving average crossing at 1.1107. First support is Tuesday's low crossing at 1.0880. Second support is the 50% retracement level of the 2020-2021-rally crossing at 1.0855.

The March Canadian Dollar was steady to slightly lower overnight. The mid-range trade sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 50-day moving average crossing at $78.61 would confirm that a short-term top has been posted. If March resumes the rally off February's low, the 87% retracement level of the 2018-2020-decline crossing at $80.50 is the next upside target. First resistance is last-Thursday's high crossing at $80.19. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $80.50. First support is the 50-day moving average crossing at $78.61. Second support is January's low crossing at $77.63.

The March Japanese Yen was lower overnight as it extends the decline off January's high. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off January's high, the June 30th 2020 low crossing at 0.0931 is the next downside target. Closes above the 20-day moving average crossing at 0.0947 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 0.0943. Second resistance is the 20-day moving average crossing at 0.0947. First support is the 62% retracement level of the 2020-2021-rally crossing at 0.0934. Second support is the June 30th low crossing at 0.0931.