Analysis

The June Dollar closed sharply higher on Friday and above the 20-day moving average crossing at 97.39 confirmed that a short-term low has been posted. 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 resumes this month's decline, the 38% retracement level of the 2018-2019 rally crossing at 96.04 is the next downside target. First resistance is May's high crossing at 98.26. Second resistance is weekly resistance crossing at 99.90. First support is the 38% retracement level of the 2018-2019 rally crossing at 96.04. Second support is March's low crossing at 95.17.

The June Euro closed lower on Friday and below the 20-day moving average crossing at 112.31 confirming that a short-term top has been posted. 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If June resumes the rally off May's low, April's high crossing at 113.86 is the next upside target. First resistance is last-Friday's high crossing at 113.55. Second resistance is April's high crossing at 113.86. First support is May's low crossing at 111.26. Second support is the January-2017 low crossing at 110.16.

The June British Pound 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 neutral to bearish signaling that sideways to lower prices are possible near-term. If June renews the decline off May's high, the October-2016 low crossing at 1.2412 is the next downside target. Closes above the the reaction high crossing at 1.2768 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 1.2768. Second resistance is the 50-day moving average crossing at 1.2898. First support is June's low crossing at 1.2568. Second support is the October-2016 low crossing at 1.2412.

The June Swiss Franc 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. Multiple closes below the 20-day moving average crossing at 1.0015 would confirm that a short-term top has been posted. If June renews the rally off April's low, March's high crossing at 1.0191 is the next upside target. First resistance is June's high crossing at 1.0159. Second resistance is March's high crossing at 1.0191. First support is today's low crossing at 1.0006. Second support is the reaction low crossing at 0.9906.

The June Canadian Dollar closed sharply lower on Friday and below the 20-day moving average crossing at 74.60 confirming that a short-term top has been posted. 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 today's decline, June's low crossing at 73.74 is the next downside target. If June extends the rally off June's low, the March-19th high crossing at 75.64 is the next upside target. First resistance is the April-17th high crossing at 75.45. Second resistance is March's high crossing at 75.64. First support is June's low crossing at 73.74. Second support is last-December's low crossing at 73.47.

The June Japanese Yen 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. Closes below the 20-day moving average crossing at 0.0918 would confirm that a short-term top has been posted. If June renews the rally off April's low, the 75% retracement level of the November-January-rally crossing at 0.0936 is the next upside target. First resistance is the 62% retracement level of the November-January-rally crossing at 0.0929. Second resistance is the 75% retracement level of the November-January-rally crossing at 0.0936. First support is the 20-day moving average crossing at 0.0918. Second support is the 50-day moving average crossing at 0.0909.