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CURRENCIES:

The December 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. Closes above the 20-day moving average crossing at 104.091 would signal that a short-term low has been posted. If December resumes the decline off the October 27th high, the 62% retracement level of the July-October rally crossing at 102.036 is the next downside target. First resistance is the 20-day moving average crossing at 104.091. Second resistance is the 50-day moving average crossing at 105.280. First support is the 62% retracement level of the July-October rally crossing at 102.036. Second support is the 75% retracement level of the July-October rally crossing at 100.962.

The December Euro closed lower on Friday as it consolidated some of the rally off October's low. The mid-range close sets the stage for a steady to slightly lower opening when Monday's day session begins trading. Stochastics and the RSI are diverging and are turning bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.08516 would signal that a short-term top has been posted. If December extends the rally off October's low, the 75% retracement level of the July-October decline crossing at 1.11376 is the next upside target. First resistance is the 62% retracement level of the July-October decline crossing at 1.10215. Second resistance is the 75% retracement level of the July-October decline crossing at 1.11376. First support is the 20-day moving average crossing at 1.08518. Second support is the 50-day moving average crossing at 1.06983.

The December British Pound closed higher on Friday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening when Monday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to higher prices are possible near-term. If December extends the rally off October's low, the 75% retracement level of the July-October decline crossing at 1.2856 is the next upside target. Closes below the 20-day moving average crossing at 1.2469 would signal that a short-term top has been posted. First resistance is the 62% retracement level of the July-October decline crossing at 1.2712. Second resistance is the 75% retracement level of the July-October decline crossing at 1.2856. First support is the 10-day moving average crossing at 1.2599. Second support is the 20-day moving average crossing at 1.2469.

The December Swiss Franc closed sharply higher on Friday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening when Monday's day 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 December extends the rally off October's low, the August 30th high crossing at 1.15700 is the next upside target. Closes below the 20-day moving average crossing at 1.12945 would signal that a short-term top has been posted. First resistance is the August 30th high crossing at 1.15700. Second resistance is the 75% retracement level of the August-October decline crossing at 1.16191. First support is the 10-day moving average crossing at 1.13729. Second support is 20-day moving average crossing at 1.12945.

The December Canadian Dollar closed higher on Friday as it extends the rally off November's low. The high-range close sets the stage for a steady to higher opening when Monday's day 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 December extends the aforementioned rally, the September 29th high crossing at 74.62 is the next upside target. Closes below the 20-day moving average crossing at 73.09 would signal that a short-term top has been posted. First resistance is today's high crossing at 74.16. Second resistance is the September 29th high crossing at 74.62. First support the 20-day moving average crossing at 73.09. Second support is the November 10th low crossing at 72.21.

The December Japanese Yen closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off November's low, October's high crossing at 0.068740 is the next upside target. If December renews the decline below the 20-day moving average crossing at 0.037173, the October-2022 low on the weekly continuation chart crossing at 0.066235 is the next downside target. Closes below this support level opens the door into uncharted territory. First resistance is Wednesday's high crossing at 0.068385. Second resistance is October's high crossing at 0.068740. First support is November's low crossing at 0.066110. Second support is unknown.