December US Dollar closed down 0.695 at 76.305. This was 0.085 up from the low and 0.650 off the high.
December Euro closed up 1.19 at 147.96. This was 1.21 up from the low and 0.26 off the high.
December Japanese Yen finished up 1.19 at 109.79, 0.25 off the high and 1.12 up from the low.
December Swiss finished up 0.85 at 97.76, 0.2 off the high and 0.85 up from the low.
December Canadian Dollar finished up 0.75 at 93.52, 0.31 off the high and 0.83 up from the low.
December British Pound closed up 1.65 at 163.57. This was 1.54 up from the low and 0.38 off the high.
Technical Outlook
JAPANESE YEN (DEC) 09/23/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. The market's close above the 9-day moving average suggests the short-term trend remains positive. A positive setup occurred with the close over the 1st swing resistance. The next downside objective is 108.20. The next area of resistance is around 110.46 and 110.93, while 1st support hits today at 109.10 and below there at 108.20.
EURO (DEC) 09/23/2009: The daily stochastics gave a bullish indicator with a crossover up. Momentum studies are trending higher but have entered overbought levels. The market's short-term trend is positive on the close above the 9-day moving average. The market's close above the 2nd swing resistance number is a bullish indication. The next upside target is 149.20. With a reading over 70, the 9-day RSI is approaching overbought levels. The next area of resistance is around 148.71 and 149.20, while 1st support hits today at 147.25 and below there at 146.27.
December Euro closed up 1.19 at 147.96. This was 1.21 up from the low and 0.26 off the high.
December Japanese Yen finished up 1.19 at 109.79, 0.25 off the high and 1.12 up from the low.
December Swiss finished up 0.85 at 97.76, 0.2 off the high and 0.85 up from the low.
December Canadian Dollar finished up 0.75 at 93.52, 0.31 off the high and 0.83 up from the low.
December British Pound closed up 1.65 at 163.57. This was 1.54 up from the low and 0.38 off the high.
Technical Outlook
JAPANESE YEN (DEC) 09/23/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. The market's close above the 9-day moving average suggests the short-term trend remains positive. A positive setup occurred with the close over the 1st swing resistance. The next downside objective is 108.20. The next area of resistance is around 110.46 and 110.93, while 1st support hits today at 109.10 and below there at 108.20.
EURO (DEC) 09/23/2009: The daily stochastics gave a bullish indicator with a crossover up. Momentum studies are trending higher but have entered overbought levels. The market's short-term trend is positive on the close above the 9-day moving average. The market's close above the 2nd swing resistance number is a bullish indication. The next upside target is 149.20. With a reading over 70, the 9-day RSI is approaching overbought levels. The next area of resistance is around 148.71 and 149.20, while 1st support hits today at 147.25 and below there at 146.27.
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