Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. If June extends the rally off this month's low, the 38% retracement level of this year's decline crossing at 1.5388 is the next upside target. Closes below the 10-day moving average crossing at 1.5027 would temper the near-term friendly outlook.
First resistance is the 25% retracement level of this year's decline crossing at 1.5194.
Second resistance is 38% retracement level of this year's decline crossing at 1.5388.
First support is the 10-day moving average crossing at 1.5027.
Second support is last Tuesday's low crossing at 1.4823.
