The September Dollar closed higher on Friday as it consolidated some of the decline off last Friday's high. 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 renews the decline off August's high, the reaction low crossing at 95.55 is the next downside target. Closes above the 20 day moving average crossing at 97.33 would confirm that a low has been posted. First resistance is last Friday's high crossing at 98.42. Second resistance is the reaction high crossing at 99.16. First support is Wednesday's low crossing at 95.94. Second support is the reaction low crossing at 95.55.
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The September Euro closed lower on Friday as it consolidated some of the rally off July's low. 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 bullish signaling that sideways to higher prices are possible near term. If September extends the rally off July's low, the reaction high crossing at 112.92 is the next upside target. Closes below the 20 day moving average crossing at 109.95 would temper the near term friendly outlook. First resistance is the reaction high crossing at 112.26. Second resistance is the reaction high crossing at 112.92. First support is August's low crossing at 108.52. Second support is July's low crossing at 108.28.
The September British Pound closed higher on Friday while extending the July-August trading range. 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 bullish signaling that sideways to higher prices are possible near term. Closes above the reaction high crossing at 1.5669 are needed to renew the rally off July's low. If September resumes the decline off June's high, July's low crossing at 1.5323 is the next downside target. First resistance is the reaction high crossing at 1.5669. Second resistance is June's high crossing at 1.5924. First support is last Friday's low crossing at 1.5419. Second support is July's low crossing at 1.5323.
The September Swiss Franc closed steady 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 bullish signaling that a low might be in or is near. Closes above the 20 day moving average crossing at 1.0309 are needed to confirm that a short term low has been posted. If September renews the decline off June's high, March's low crossing at 0.9966 is the next downside target. First resistance is the 20 day moving average crossing at 1.0309. Second resistance is the reaction high crossing at 1.0488. First support is Tuesday's low crossing at 1.0108. Second support is March's low crossing at 0.9966.
The September Canadian Dollar 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 turning 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 77.73 is the next upside target. If September resumes 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 77.73. Second resistance is the reaction high crossing at 78.96. First support is last Wednesday's low crossing at 75.66. Second support is weekly support crossing at 73.92.
The September Japanese Yen 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 bullish hinting that a low might be in or is near. Closes above the 20 day moving average crossing at .8056 are needed to confirm that a short term low has been posted. If September resumes the decline off July's high, June's low crossing at .7956 is the next downside target. First resistance is the 20 day moving average crossing at .8056. Second resistance is the reaction high crossing at .8134. First support is Wednesday's low crossing at .7984. Second support is June's low crossing at .7956.
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