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CURRENCIES

CURRENCIES: The September Euro currency closed up 50 points at 1.1326 today. Prices closed nearer the session high today on short covering. The bears still have the solid overall near-term technical advantage.

The September Japanese yen closed up 335 points at .93175 today. Prices closed nearer the session high today. Bulls have the overall near-term technical advantage. Prices are in a seven-week-old uptrend on the daily bar chart.

The September Swiss franc closed up 71 points at 1.0152 today. Prices closed near the session high and scored a big and bullish “outside day” up on the daily bar chart today. The Swissy bulls and bears are now back on a level overall near-term technical playing field.

The September Canadian dollar closed up 47 points at .7534 today. Prices closed near the session high. The bulls and bears are back on a level overall near-term technical playing field.

The September British pound closed up 87 points at 1.2698 today. Prices closed near the session high on short covering after hitting a nearly three-year low on Tuesday. The bears still have the solid overall near-term technical advantage. Prices are in an 11-week-old downtrend on the daily bar chart.

The September U.S. dollar index closed down 0.468 at 96.685 today. Prices closed nearer the session low today. The bulls still have the firm overall near-term technical advantage.