Due to a medical emergency, I will not be able to update Friday afternoon's report. Check back later this weekend for an update of Friday's activity.

The December Dollar was higher due to short covering overnight as it extends the trading range of the past two weeks. Stochastics and the RSI are oversold and are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 75.78 would temper the near-term bearish outlook in the market. If December extends this month's decline, monthly support crossing at 73.39 is the next downside target. First resistance is the 20-day moving average crossing at 75.78. Second resistance is this month's high crossing at 77.50. First support is Monday's low crossing at 74.75. Second support is monthly support crossing at 73.39.

The December Euro was lower overnight while extending the trading range of the past two weeks. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below Tuesday's low crossing at 148.060 are needed to confirm that a short- term top has been posted. If December renews this month's rally, October's high crossing at 150.620 is the next upside target. First resistance is last Wednesday's high crossing at 150.480. Second resistance is October's high crossing at 150.620. First support is Tuesday's low crossing at 148.060. Second support is November's low crossing at 146.240.

The December British Pound was lower overnight and are trading below the 20-day moving average crossing at 1.6568. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1.6568 are needed to confirm that a short-term top has been posted. If December renews the rally off October's low, August's high crossing at 1.7028 is the next upside target. First resistance is the 10-day moving average crossing at 1.6674. Second resistance is Monday's high crossing at 1.6876. First support is the overnight low crossing at 1.6483. Second support is the reaction low crossing at 1.6258.

The December Swiss Franc was lower overnight and is trading below the 20-day moving average crossing at .9839. Stochastics and the RSI are turning bearish hinting that a short-term top might be in or is near. Closes below Tuesday's low crossing at .9796 are needed to confirm that a top has been posted. If December renews this month's rally, October's high crossing at .9971 is the next upside target. First resistance is last Wednesday's high crossing at .9967. Second resistance is October's high crossing at .9971. First support is Tuesday's low crossing at .9796. Second support is the reaction low crossing at .9675.

The December Canadian Dollar was lower overnight as it extends Thursday's decline below the 20-day moving average crossing at 94.11. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, the reaction low crossing at 92.74 is the next downside target. Closes above the 10-day moving average crossing at 94.81 are needed to confirm that a short-term top has been posted. First resistance is the 10-day moving average crossing at 94.81. Second resistance is last Thursday's high crossing at 95.99. First support is the overnight low crossing at 93.17. Second support is the reaction low crossing at 92.74.

The December Japanese Yen was slightly higher overnight as it extends this month's rally. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, October's high crossing at .10368 is the next upside target. Closes below the 20-day moving average crossing at .11089 would temper the near-term friendly outlook in the market. First resistance is Thursday's high crossing at .11283. Second resistance is October's high crossing at .11368. First support is the 10- day moving average crossing at .11170. Second support is the 20-day moving average crossing at .11089.