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Euro “EC” (Mar)
Coverage for February 27
Friday's opening rally needed to resume its efforts by noon Monday, or else risk becoming the second top of a bearish Double Top with the prior week's high. A rally did begin at noon Monday, and although new highs haven't printed, buyers do get a benefit of the doubt so long as Monday's ~1.3165 low isn't broken.
Resistance: 1.3230 and 1.3335Support: 1.3150 and 1.3120
British Pound “BP” (Mar)
Coverage for February 27
Friday's opening rally needed to resume its efforts by noon Monday, or else risk becoming the second top of a bearish Double Top with the prior week's high. A rally did begin at noon Monday, and although new highs haven't printed, buyers do get a benefit of the doubt so long as Monday's ~1.9610 low isn't broken.
Resistance: 1.9685 and 1.9745Support: 1.9600 and 1.9550
Swiss Franc “SF” (Mar)
Coverage for February 27
Friday's opening rally needed to resume its efforts by noon Monday, or else risk becoming the second top of a bearish Double Top with the prior week's high. A rally did begin at noon Monday, and new highs that printed intraday weren't maintained on a closing basis. But buyers do get a benefit of the doubt for a day, so long as Tuesday's session extends the rally.
Resistance: .8175 and .8210Support: .8100 and .8060
Japanese Yen “JY” (Mar)
Coverage for February 27
Although Friday's buyers didn't gain traction on the day's bounce, that didn't prevent Monday's open from gapping up. It did prevent the open's gap from maintaining any higher highs, so buyers still haven't gained traction, and have only created an overbought condition. A reversal down to new lows remains likely.
Resistance: .8345 and .8365Support: .8280 and .8140
Australian Dollar “AD” (Mar)
Coverage for February 27
The rally's momentum remained intact for at least one more higher high, which Monday's open delivered. And despite dipping to almost unchanged intraday, the afternoon recovered back to the open's highs. MACD & RSI started diverging negatively into the afternoon's retest of the open's high, so a pullback has become likely.
Resistance: .7955 and .8000Support: .7910 and .7870
Canadian Dollar “CD” (Mar)
Coverage for February 27
Friday's new high intraday and on a closing basis made higher highs likely, but Monday's session was interested only in filling Friday's gap back to Thursday's open. The narrow day was spent entirely in negative territory without damaging the chart pattern, and higher highs remain likely.
Resistance: .8665 and .8705
Support: .8590 and .8545
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