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Last update: 2009-11-07 08:16:55 INO.com FOREX quotes are real-time, above table displayed as bid over ask. View major spot prices.
CURRENCIES
Commentary
The December Dollar closed slightly higher on Friday as it consolidates some of this week's decline but remains below the 20- day moving average crossing at 75.95. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, October's low crossing at 75.09 is the next downside target. Closes above this week's high crossing at 77.50 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 76.22. Second resistance is Tuesday's high crossing at 77.50. First support is today's low crossing at 75.59. Second support is October's low crossing at 75.09. The December Euro closed lower on Friday as it consolidated some of Wednesday's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, October's high crossing at 150.620 is the next upside target. Closes below Tuesday's low crossing at 146.240 are needed to confirm that a top has been posted. First resistance is Thursday's high crossing at 149.160. Second resistance is October's high crossing at 150.620. First support is Tuesday's low crossing at 146.240. Second support is October's low crossing at 144.790. The December British Pound closed higher on Friday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning bullish hinting that sideways to higher prices are possible near-term. If December extends this week's rally, the reaction high crossing at 1.6742 is the next upside target. Closes below the 20-day moving average crossing at 1.6357 would confirm that a short-term top has been posted. First resistance is October's high crossing at 1.6689. Second resistance is September's high crossing at 1.6742. First support is the 10-day moving average crossing at 1.6262. Second support is the 20-day moving average crossing at 1.6357. The December Swiss Franc closed lower due to profit taking on Friday as it consolidated some of this week's rally. The low- range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, October's high crossing at .9971 is the next upside target. Closes below the 10-day moving average crossing at .9798 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at .9894. Second resistance is October's high crossing at .9971. First support is the 10-day moving average crossing at .9798. Second support is Tuesday's low crossing at .9675. The December Canadian Dollar closed lower due to profit taking on Friday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 94.84 are needed to confirm that a short-term low has been posted. If December renews October's decline, the reaction low crossing at 91.24 is the next downside target. First resistance is the 20-day moving average crossing at 94.84. Second resistance is October's high crossing at 97.98. First support is the reaction low crossing at 92.26. Second support is the reaction low crossing at 91.24. The December Japanese Yen closed higher on Friday as it extends this week's rally above the 20-day moving average. The high- range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signaling that additional gains are possible. If December extends this week's rally, the reaction high crossing at .11261 is the next upside target. Closes below the 10-day moving average crossing at .11010 are needed to confirm that a short-term top has been posted. First resistance is Monday's high crossing at .11183. Second resistance is the reaction high crossing at .11261. First support is Wednesday's low crossing at .10942. Second support is the reaction low crossing at .10812.
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