The September U.S. Dollar closed higher on Friday as it extends this week's rally. The mid range close sets the stage for a steady 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. Multiple closes above the 20 day moving average crossing at 95.47 are needed to confirm that a low has been posted. If September resumes the decline off May's high, the 50% retracement level of the September-March rally crossing at 93.06 is the next downside target. First resistance is the 20 day moving average crossing at 95.47. Second resistance is the reaction high crossing at 97.34. First support is last Thursday's low crossing at 93.30. Second support is the 50% retracement level of the September-March rally crossing at 93.06.
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The September Euro closed lower on Friday as it extended this week's decline below the 20 day moving average crossing at 112.52. 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 September extends this week's decline, the reaction low crossing at 110.64 is the next downside target. If September renews the rally off May's low, May's high crossing at 114.85 is the next upside target. First resistance is May's high crossing at 114.85. Second resistance is the February's high crossing at 115.60. First support is the reaction low crossing at 110.64. Second support is May's low crossing at 108.37.
The September Swiss Franc closed higher due to short covering on Friday as it consolidates some of this week's decline but remains below the 20 day moving average crossing at 1.0774. 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 possible near term. If September extends this week's decline, May's low crossing at 1.0526 is the next downside target. If September renews the rally off May's low, May's high crossing at 1.1042 is the next upside target. First resistance is last Thursday's high crossing at 1.0964. Second resistance is May's high crossing at 1.1042. First support is May's low crossing at 1.0526. Second support is the reaction low crossing at 1.0373.
The September Canadian Dollar closed unchanged on Friday. 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 bearish signaling that sideways to lower prices are possible near term. If September extends this week's decline, June's low crossing at 79.46 is the next downside target. If September resumes this month's rally, May's high crossing at 83.75 is the next upside target. First resistance is last Thursday's high crossing at 82.35. Second resistance is May's high crossing at 83.75. First support is Wednesday's low crossing at 80.39. Second support is June's low crossing at 79.46.
The September Japanese Yen closed lower on Friday. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If September extends this month's rally, the reaction high crossing at .8300 is the next upside target. If September renews this year's decline, monthly support crossing at .7415 is the next downside target. First resistance is last Thursday's high crossing at .8180. Second resistance is the reaction high crossing at .8300. First support is June's low crossing at .7956. Second support is monthly support crossing at .7415.
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