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To: TideGlider who wrote (671288)	2/12/2005 9:03:34 AM
From: Hope Praytochange	Respond to of 769670

The March Euro posted a quiet inside day with a slightly lower close on Friday as it consolidated some of Thursday's rally. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI have turned bullish signaling that a short-term low might be in or is near. Closes above the 10-day moving average crossing at 129.116 are needed to confirm that a short-term low has been posted. If March renews this year's decline, the 50% retracement level crossing at 127.135 is the next downside target. The March Swiss Franc posted an inside day with a lower close on Friday as it consolidated some of Thursday's rally. The low-range close sets the stage for a steady to lower opening on Monday. However, stochastics and the RSI have turned bullish signaling that a short-term low is in or is near. Closes above the 10-day moving average crossing at .8306 are needed to confirm that a short-term low has been posted. If March renews this year's decline, the 62% retracement level of the April-December rally crossing at .8130 is the next downside target. The March Canadian Dollar closed higher on Friday following yesterday's key reversal up. March is challenging the 20-day moving average crossing at .8084 and the high-range close sets the stage for a steady to firmer opening on Monday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at .8084 would confirm that a low has been posted while opening the door for a larger-degree rebound during February. The March Japanese Yen posted an inside day with a slightly lower close on Friday as it consolidates above the 50% retracement level of the October-December rally crossing at .9456. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that a short-term low is in or is near. Closes above the 38% retracement level crossing at .9552 would confirm that a short-term low has been posted. If March extends the decline off January's high, the 62% retracement level of the October-December rally crossing at .9359 is the next downside target.