CURRENCY MARKET RECAP

December US Dollar closed up 0.345 at 76.775. This was 0.290 up from the low and 0.155 off the high.

December Euro closed down 0.45 at 147.02. This was 0.56 up from the low and 0.42 off the high.

December Japanese Yen finished down 0.36 at 109.4, 0.52 off the high and 0.1 up from the low.

December Swiss finished down 0.21 at 97.12, 0.26 off the high and 0.42 up from the low.

December Canadian Dollar finished down 0.53 at 93.41, 0.52 off the high and 0.55 up from the low.

December British Pound closed down 2.06 at 162.41. This was 0.12 up from the low and 2.12 off the high.

Technical Outlook
JAPANESE YEN (DEC) 09/21/2009: Stochastics turning bearish at overbought levels will tend to support lower prices if support levels are broken. The close below the 9-day moving average is a negative short-term indicator for trend. The market's close below the pivot swing number is a mildly negative setup. The next downside target is 108.90. The next area of resistance is around 109.74 and 110.14, while 1st support hits today at 109.12 and below there at 108.90.

EURO (DEC) 09/21/2009: Momentum studies are trending higher but have entered overbought levels. The close above the 9-day moving average is a positive short-term indicator for trend. The market setup is somewhat negative with the close under the 1st swing support. The near-term upside target is at 147.96. The market is approaching overbought levels with an RSI over 70. The next area of resistance is around 147.50 and 147.96, while 1st support hits today at 146.52 and below there at 146.00.