Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March extends last week's decline, November's low crossing at 1.5873 is the next downside target. Closes above the 20-day moving average crossing at 1.6148 would confirm that a short-term low has been posted.
First resistance is the 20-day moving average crossing at 1.6148.
Second resistance is last Wednesday's high crossing at 1.6314.
First support is last Friday's low crossing at 1.5945.
Second support is November's low crossing at 1.5873.
