EUR/USD -- Keeps closing below 21-DMA (now at 1.2340);
bulls comforted by 55-DMA defining lower end of range;
1.2150-1.2450 range for now
* 3rd resistance: 1.2469, 78.6% Fibonacci retracement of drop
since Feb. 16
* 2nd resistance: 1.2444-46, March 7-8 double-top
* 1st resistance: 1.2356, pivot r1
* Spot: 1.2326
* 1st support: 1.2273, March 9 low
* 2nd support: 1.2258, 55-DMA
* 3rd support: 1.2155, March 1 low
GBP/USD -- Downside risks intact as long as 21-DMA caps on
a closing basis; bearish cross of 55-DMA may open downside
* 3rd resistance: 1.3997, Feb. 27 high
* 2nd resistance: 1.3930, March 6 high
* 1st resistance: 1.3913, 21-DMA
* Spot: 1.3885
* 1st support: 1.3854, 55-DMA
* 2nd support: 1.3782, March 8 low
* 3rd support: 1.3712, March 1 low
USD/JPY -- Bulls test 21-DMA resistance, now at 106.67, as
trendline since Feb. 21 next hurdle
* 3rd resistance: 107.51, base line
* 2nd resistance: 107.13, trendline
* 1st resistance: 106.97-107.05, March 12-9 highs
* Spot: 106.82
* 1st support: 106.17-22, March 9 low-conversion line
* 2nd support: 105.89, March 8 low
* 3rd support: 105.25, YTD low
AUD/USD -- Capped by 55-DMA, bearish trend questioned
* 3rd resistance: 0.7988, Feb. 16 high
* 2nd resistance: 0.7934-35, Feb. 20-19 double-top
* 1st resistance: 0.7889-93, 55-DMA, Feb. 26 high
* Spot: 0.7873
* 1st support: 0.7840, 21-DMA
* 2nd support: 0.7772-73, March 7-8 double-bottom
* 3rd support: 0.7713, March 1 low
Source: Bloomberg Pro Terminal
Trader: Velizar Mitov
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