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CURRENCIES:

The December Dollar was lower overnight as it consolidates some of this month's rally. 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 September's low, August's high crossing at $93.71 is the next upside target. Closes below the 50-day moving average crossing at $92.67 would signal that a short-term top has been posted. First resistance is Monday's high crossing at $93.45. Second resistance is August's high crossing at $93.71. First support is last-Wednesday's low crossing at $92.29. Second support is the September 3rd low crossing at $91.94.

The December Euro was higher overnight as it consolidates some of the decline off the September 3rd high. The high-range overnight trade sets the stage for a steady to higher opening when the 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 September's high, August's low crossing at $116.90 is the next downside target. Closes above the 20-day moving average crossing at $118.21 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $118.21. Second resistance is September's high crossing at $119.32. First support is Monday's low crossing at $117.20. Second support is August's low crossing at $116.90.

The December British Pound was higher overnight as it consolidates some of this month's decline. Overnight strength sets the stage for a steady to higher opening when the day session beings 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 this month's decline, August's low crossing at 1.3608 is the next downside target. Closes above the 50-day moving average crossing at 1.3800 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 1.3800. Second resistance is September's high crossing at 1.3917. First support is August's low crossing at 1.3608. Second support is July's low crossing at 1.3576.

The December Swiss Franc was higher overnight as it consolidates some of the decline off August's high. Overnight strength sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish signaling that sideways to higher prices possible near-term. Closes above the 20-day moving average crossing at 1.0908 would signal that a short-term low has been posted. If December extends this month's decline, March's low crossing at 1.0654 is the next downside target. First resistance is the 10-day moving average crossing at 1.0858. Second resistance is the 20-day moving average crossing at 1.0908. First support is the 87% retracement level of the March-June-rally crossing at 1.0730. Second support is March's low crossing at 1.0654.

The December Canadian Dollar was higher overnight as it consolidated some of the decline off September's high. Overnight strength sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, August's low crossing at $77.24 is the next downside target. Closes above the 50-day moving average crossing at $79.30 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at $79.30. Second resistance is the September 3rd high crossing at 80.09. First support is Monday's low crossing at $77.54. Second support is August's low crossing at $77.24.

The December Japanese Yen was steady to slightly lower overnight as it extends the July-September trading range. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. From a broad perspective December needed to close above August's high crossing at 0.092040 or below August's low crossing at 0.090390 to confirm a breakout of the aforementioned trading range and point the direction of the next trending move. First resistance is the September 15th high crossing at 0.091715. Second resistance is August's high crossing at 0.092040. First support is the August 11th low crossing at 0.090390. Second support is July's low crossing at 0.089690.