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The March Dollar closed sharply lower on Friday as it consolidates some of the rally off January's low. 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 but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, weekly resistance crossing at 99.90 is the next upside target. Closes below the 20-day moving average crossing at 98.49 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 99.82. Second resistance is weekly resistance crossing at 99.90. First support is the 10-day moving average crossing at 99.09. Second support is the 20-day moving average crossing at 98.49.

The March Euro closed higher due to short covering on Friday as it consolidates some of the decline off the December 31st 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 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, monthly support crossing at 106.55 is the next downside target. Closes above the 20-day moving average crossing at 109.66 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 108.75. Second resistance is the 20-day moving average crossing at 109.66. First support is Thursday's low crossing at 107.93. Second support is monthly support crossing at 106.55.

The March British Pound closed higher on Friday as it consolidated some of the decline off December'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 becoming oversold, diverging and poised to turn neutral to bullish with additional strength on Monday. Closes above the 50-day moving average crossing at 1.3082 would confirm that a short-term low has been posted. If March extends the decline off December's high, the 50% retracement level of the September-December-2019 rally crossing at 1.2801 is the next downside target. First resistance is the February 13th high crossing at 1.3080. Second resistance is the December 31st high crossing at 1.3225. First support is Thursday's low crossing at 1.2857. Second support is the 50% retracement level of the September-December-2019 rally crossing at 1.2801.

The March Swiss Franc closed higher on Friday as it consolidated some of the decline off February'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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this month's decline, the 75% retracement level of the December-January-rally crossing at 1.0156 is the next downside target. Close above the 20-day moving average crossing at 1.0281 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.0281. Second resistance is the 50-day moving average crossing at 1.0302. First support is Thursday's low crossing at 1.0170. Second support is the 75% retracement level of the December-January-rally crossing at 1.0156.

The March Canadian Dollar closed higher on Friday as it extends the rally off February'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 are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off February's low, the 50-day moving average crossing at 76.05 is the next upside target. If March resumes the decline off December's high, last-September's low crossing at 74.90 is the next downside target. First resistance is today's high crossing at 75.75. Second resistance is the 50-day moving average crossing at 76.05. First support is February's low crossing at 75.01. Second support is last-September's low crossing at 74.90.

The March Japanese Yen posted an inside day with a higher close on Friday as it consolidates some of this year's decline. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, weekly support crossing at 0.0881 is the next downside target. Closes above the 20-day moving average crossing at 0.0913 would temper the near-term bearish outlook. First resistance is the 10-day moving average crossing at 0.0907. Second resistance is the 20-day moving average crossing at 0.0913. First support is today's low crossing 0.0892. Second support is weekly support crossing at 0.0881.