The December Japanese yen closed up 24 points at 1.3182 today. Prices closed nearer the session high today and closed at a fresh contract high close. Prices have seen a bullish upside “breakout” from a sideways trading range at higher price levels. Bulls have the solid overall near term technical advantage.
The December Swiss franc closed up 27 points at 1.1399 today. Prices closed near the session high today and hit a fresh six week high. Bears still have the overall near term technical advantage. However, a bullish “rounding bottom” reversal pattern may be forming on the daily bar chart.
The December Canadian dollar closed down 85 points at .9852 today. Prices closed nearer the session low today and hit a fresh five week high early on. Prices also scored a big and bearish “outside day” down on the daily bar chart today as the bulls faded a bit.
The December British pound closed up 18 points at 1.6009 today. Prices closed nearer the session high today and hit another fresh six week high. The bulls have upside near term technical momentum. A steep three week old uptrend is in place on the daily bar chart.
The December U.S. dollar index closed up 7 points at 76.34 today. Prices closed near mid range today and hit another fresh six week low early on. Some near term chart damage has occurred recently. Prices are in a three week old downtrend on the daily bar chart.
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