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CURRENCIES:

The December 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 night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low, the November 16th high crossing at 104.440 is the next upside target. Closes below Monday's low crossing at 102.980 would signal that a short-term top 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 November 16th high crossing at 104.440. Second resistance is the 50-day moving average crossing at 105.071. 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 extends the decline off November's high. The mid-range close sets the stage for a steady to lower opening when Monday's day 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 December extends the decline off November's high, the 50-day moving average crossing at 1.07130 is the next downside target. Closes above the 10-day moving average crossing at 1.08694 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.08694. Second resistance is November's high crossing at 1.10250. First support is the 50-day moving average crossing at 1.07130. Second support is the November 14th low crossing at 1.06725.

The December British Pound closed lower on Friday as it extends the decline off November's high. The mid-range close sets the stage for a steady to lower opening when Monday's day session begins trading. Stochastics and the RSI are neutral to bearish signaling sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.2521 would signal that a short-term top has been posted. If December resumes the rally off October's low, the 75% retracement level of the July-October decline crossing at 1.2856 is the next upside target. 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 20-day moving average crossing at 1.2521. Second support is the November 17th low crossing at 1.2376.

The December Swiss Franc closed lower on Friday as it extends the decline off Monday's high. The low-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 bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.13685 would signal that a short-term top has been posted. If December renews the rally off October's low, the 75% retracement level of the July-October decline crossing at 1.16191 is the next upside target. 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 20-day moving average crossing at 1.13685. Second support is 50-day moving average crossing at 1.12267.

The December Canadian Dollar closed slightly higher on Friday. The mid-range close sets the stage for a steady to slightly higher opening when Monday's day 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 73.30 would signal that a short-term top has been posted. If December renews the rally off November's low, the September 29th high crossing at 74.62 is the next upside target. First resistance is Monday's high crossing at 74.20. Second resistance is the September 29th high crossing at 74.62. First support the 20-day moving average crossing at 73.30. Second support is the November 16th low crossing at 72.62.

The December Japanese Yen closed sharply lower on Friday as it consolidates some of the rally off November's low. The low-range close sets the stage for a steady to lower opening when Monday's day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 0.067594 would signal that a short-term top has been posted. If December extends the rally off November's low, the 62% retracement level of the July-November decline crossing at 0.071394 is the next upside target. First resistance is Thursday's high crossing at 0.070725. Second resistance is the 62% retracement level of the July-November decline crossing at 0.071394. First support is the 20-day moving average crossing at 0.067594. Second support is November's low crossing at 0.066110.