Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If March extends this month's decline, the 75% retracement level of the November-February rally crossing at 1.2940 is the next downside target. Closes above the 20-day moving average crossing at 1.3324 would confirm that a low has been posted.
First resistance is the 10-day moving average crossing at 1.3177.
Second resistance is the 20-day moving average crossing at 1.3324.
First support is the overnight low crossing at 1.3010.
Second support is the 75% retracement level of the November-February rally crossing at 1.2940.
