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CURRENCIES

The December Dollar posted a key reversal up on Friday and above the 20-day moving average crossing at 95.22 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends today's rally, August's high crossing at 96.45 is the next upside target. If December renews the decline off July's high, the 75% retracement level of the May-July-rally crossing at 93.47 is the next downside target. First resistance is today's high crossing at 95.53. Second resistance is August's high crossing at 96.45. First support is the 62% retracement level of the May-July-rally crossing at 94.20. Second support is the 75% retracement level of the May-July-rally crossing at 93.47.

The December Euro posted a huge key reversal down on Friday and closed below the 20-day moving average crossing at 112.71 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends today's decline, August's low crossing at 111.09 is the next upside target. First resistance is August's high crossing at 114.21. Second resistance is June's high crossing at 114.98. First support is August's low crossing at 111.09. Second support is July's low crossing at 110.22.

The December British Pound closed lower on Friday as it consolidates some of the rally off August's low. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 10-day moving average crossing at 1.3133 would confirm that a short-term top has been posted. If December extends the aforementioned rally, August's high crossing at 1.3400 is the next upside target. First resistance is August's high crossing at 1.3400. Second resistance is July's high crossing at 1.3501. First support is August's low crossing at 1.2897. Second support is July's low crossing at 1.2843.

The December Swiss Franc closed sharply lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Today's close below the 20-day moving average crossing at 1.0386 confirmed that a short-term top has been posted while opening the door for a possible test of the reaction low crossing at 1.0249. Closes above today's high crossing at 1.0448 would confirm that a short-term low has been posted. First resistance is last Thursday's high crossing at 1.0501. Second resistance is June's high crossing at 1.0552. First support is the reaction low crossing at 1.0249. Second support is July's low crossing at 1.0141.

The December Canadian Dollar posted a key reversal down on Friday and closed below the 20-day moving average crossing at 77.07 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. If December extends today's decline, August's low crossing at 75.77 is the next downside target. If December resumes the rally off July's low, June's high crossing at 79.02 is the next upside target. First resistance is the reaction high crossing at 78.89. Second resistance is June's high crossing at 79.02. First support is today's low crossing at 76.89. Second support is August's low crossing at 75.77.

The December Japanese Yen posted a key reversal down on Friday and below the 20-day moving average crossing at 0.9946 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends today's decline, August's low crossing at 0.9795 is the next downside target. Closes above today's high crossing at 1.0040 would confirm that a short-term low has been posted. First resistance is August's high crossing at 1.0095. Second resistance is June's high crossing at 1.0165. First support is August's low crossing at 0.9795. Second support is July's low crossing at 0.9360.

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