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The March Dollar closed lower on Thursday as it broke out to the downside of a three-week old trading range and renewed the decline off September's high. The low-range close sets the stage for a steady to lower opening when Friday's nights session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off September's high, the 62% retracement level of the January-September rally crossing at $103.643 is the next downside target. Closes above the November 21st high crossing at 107.500 would signal that a short-term low has been posted. First resistance is the November 21st high crossing at $107.500. Second resistance is the 50-day moving average crossing at $109.744. First support is today's low crossing at $104.185. Second support is the 62% retracement level of the January-September rally crossing at $103.643.

The March Euro closed higher on Thursday and above trading range resistance crossing at 1.05800 as it renewed the rally off September'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 overbought, diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off September's low, the 25% retracement level of the 2018-2022 decline crossing at $1.07982 is the next upside target. Closes below the 20-day moving average crossing at 1.03469 would signal that a short-term top has been posted. First resistance is today's high crossing at $1.06145. Second resistance is the 25% retracement level of the 2018-2022 decline crossing at $1.07982 is the next upside target. First support is the 20-day moving average crossing at $1.03472. Second support is the 50-day moving average crossing at $1.00990.

The March British Pound closed higher on Thursday as it extends the rally off September'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 sideways to higher prices are possible near-term. If March extends the rally off September's low, the 50-week moving average crossing at 1.2438 is the next upside target. Closes below the 20-day moving average crossing at 1.1835 would confirm that a short-term top has been posted. First resistance is August's high crossing at 1.2324. Second resistance is the 50-week moving average crossing at 1.2438. First support is the 20-day moving average crossing at 1.1835. Second support is the 50-day moving average crossing at 1.1490.

The March Swiss Franc closed sharply higher on Thursday and spiked above the upper boundary of the trading range of the past three-weeks. 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 extends the rally off November's low, August's high crossing at 1.08700 is the next upside target. Closes below the 20-day moving average crossing at 1.05718 would signal that a short-term top has been posted. First resistance is today's high crossing at 1.08080. Second resistance is August's high crossing at 1.08700. First support is the 20-day moving average crossing at 1.05718. Second support is the 50-day moving average crossing at 1.03695.

The March Canadian Dollar closed slightly higher on Thursday as it consolidates some of the decline off November's high. 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 bullish signaling that sideways to higher prices are possible near-term. Closes above last-Friday's high crossing at 75.16 would signal that a short-term low has been posted. Close below Tuesday's low crossing at 73.42 would open the door for a possible test of the November 3rd low crossing at 72.58. First resistance is last-Friday's high crossing at 75.16. Second resistance is November's high crossing at 75.71. First support is Tuesday's low crossing at 73.42. Second support is the November 3rd low crossing at 72.58.

The March Japanese Yen closed sharply higher on Thursday as it extends the rally off October'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 October's low, the 75% retracement level of the August-October decline crossing at 0.075398 is the next upside target. Closes below the 20-day moving average crossing at 0.071942 would confirm that a short-term top has been posted. First resistance is the 75% retracement level of the August-October decline crossing at 0.075398. Second resistance is the 87% retracement level of the August-October decline crossing at 0.076735. First support is the 20-day moving average crossing at 0.071942. Second support is the 50-day moving average crossing at 0.070579.

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