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CURRENCIES:

The March Dollar closed lower on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's nights session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $95.99 would confirm that a short-term low has been posted. If March renews the decline off December's high, the 38% retracement level of 2021's rally crossing at $94.11 is the next downside target. First resistance is the 50-day moving average crossing at $95.99. Second resistance is December's high crossing at $96.90. First support is last-Friday's low crossing at $94.61. Second support is the 38% retracement level of this year's rally crossing at $94.11.

The March Euro closed higher on Friday as it consolidates some of the decline off last-Friday's high. 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 bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, November's low crossing at 112.22 is the next downside target. If March renewed the rally off November's low, the 25% retracement level of 2021's decline crossing at 115.26 is the next upside target. First resistance is last-Friday's high crossing at 114.96. Second resistance is the 25% retracement level of the January-November decline crossing at 115.26. First support is the reaction low crossing at 112.87. Second support is November's low crossing at 112.22.

The March British Pound closed lower on Friday as it extends the decline off the January 13th high. 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. Multiple closes below the 20-day moving average crossing at 1.3557 would confirm that a short-term top has been posted. If March resumes the rally off December's low, October's high crossing at 1.3826 is the next upside target. First resistance is October's high crossing at 1.3826. Second resistance is September's high crossing at 1.3914. First support is the 20-day moving average crossing at 1.3557. Second support is the 50-day moving average crossing at 1.3416.

The March Swiss Franc closed higher on Friday. Stochastics and the RSI are turning 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 Monday's night session begins trading. If March renews the rally off last-Tuesday's low, November's high crossing at 1.1042 is the next upside target. Closes below the 50-day moving average crossing at 1.0885 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at 1.1015. Second resistance is November's high crossing at 1.1042. First support is the 50-day moving average crossing at 1.0885. Second support is last-Tuesday's low crossing at 1.0795. .

The March Canadian Dollar closed sharply 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 overbought, diverging and 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 79.04 would signal that a short-term top has been posted. If March extends the rally off December's low, the November 10th high crossing at 80.70 is the next upside target. First resistance is Wednesday's high crossing at 80.32. Second resistance is the November 10th high crossing at 80.70. First support is the 20-day moving average crossing at 79.04. Second support is the 50-day moving average crossing at 78.76.

The March Japanese Yen closed higher on Friday as it extends the rally off January's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Friday's high crossing at 0.088160 would open the door for a possible test of the December 17th high crossing at 88485. Closes below the 20-day moving average crossing at 0.087072 would signal that a short-term top has been posted. First resistance is last-Friday's high crossing at 0.088160. Second resistance is the December 17th high crossing at 0.088485. First support is the 20-day moving average crossing at 0.087072. Second support is January's low crossing at 0.085980.