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The September Euro closed 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. Closes below the 20 day moving average crossing at 111.40 are needed to confirm that a short term top has been posted. If September renews the rally off July's low, the 38% retracement level of the 2014-2015 decline crossing at 118.09 is the next upside target. First resistance is Monday's high crossing at 117.18. Second resistance is the 38% retracement level of the 2014-2015 decline crossing at 118.09. First support is the 20 day moving average crossing at 111.40. Second support is the reaction low crossing at 110.20.
The September British Pound closed lower on Friday as it extended its decline off Tuesday's high. The mid range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If September extends this week's decline, July's low crossing at 1.5323 is the next downside target. Closes above the 10 day moving average crossing at 1.5604 would confirm that a short term low has been posted. First resistance is Tuesday's high crossing at 1.5817. Second resistance is June's high crossing at 1.5924. First support is July's low crossing at 1.5323. Second support is June's low crossing at 1.5160.
The September Swiss Franc closed higher on Friday. 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 bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 1.0333 are needed to confirm that a short term top has been posted. If September renews the rally off August's low, the 87% retracement level of the May-August decline crossing at 1.0922 is the next upside target. First resistance is Monday's high crossing at 1.0809. Second resistance is the 87% retracement level of the May-August decline crossing at 1.0922. First support is the 20 day moving average crossing at 1.0333. Second support is the reaction low crossing at 1.0213.
The September Canadian Dollar closed slightly higher due to short covering on Friday. The mid range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the reaction high crossing at 77.20 are needed to confirm that a low has been posted. If September extends the decline off May's high, weekly support crossing at 73.92 is the next downside target. First resistance is the reaction high crossing at 77.20. Second resistance is the reaction high crossing at 77.73. First support is Wednesday's low crossing at 74.93. Second support is weekly support crossing at 73.92.
The September Japanese Yen closed lower on Friday as it extends the correction off Monday's high. 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. Closes below the 20 day moving average crossing at .8126 are needed to confirm that a short term top has been posted. If September renews this month's rally, January's high crossing at .8640 is the next upside target. First resistance is Monday's high crossing at .8591. Second resistance is January's high crossing at .8640. First support is the 10 day moving average crossing at .8216. Second support is the 20 day moving average crossing at .8126.
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