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Last update: 2009-07-03 15:43:02 INO.com FOREX quotes are real-time, above table displayed as bid over ask. View major spot prices.
CURRENCIES
Commentary
The September Dollar posted an inside day with a higher close on Thursday while extending this month's trading range. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. Closes above 81.97 or below 79.62 are needed to clear up near-term direction in the market. First resistance is the 20-day moving average crossing at 80.64. Second resistance is the reaction high crossing at 81.97. First support is the reaction low crossing at 79.62. Second support is Wednesday's low crossing at 79.57. The September Euro closed lower on Thursday as it consolidated some of the rally off June's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral hinting that a short-term top might be in or is near. Closes above the reaction high crossing at 141.660 are needed to confirm that a short-term low has been posted. If September renews the decline off June's high, the reaction low crossing at 134.160 is the next downside target. First resistance is Wednesday's high crossing at 142.020. Second resistance is June's high crossing at 143.270. First support is the 20-day moving average crossing at 139.785. Second support is last Monday's low crossing at 138.180. The September British Pound closed lower due to profit taking on Thursday as it extended Tuesday's decline. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are bearish hinting that a short-term top might be in or is near. Closes below the reaction low crossing at 1.6185 are needed to confirm that a short-term top has been posted. If September extends the rally off April's low, the 62% retracement level of the 2008-2009 decline crossing at 1.7226 is the next upside target. First resistance is Tuesday's high crossing at 1.6742. Second resistance the 62% retracement level of the 2008- 2009-decline crossing at 1.7226. First support is the reaction low crossing at 1.6185. Second support is the reaction low crossing at 1.5795. The September Swiss Franc posted an inside day with a lower close on Thursday as it consolidates some of the rally off last week's low. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off last week's low, June's high crossing at .9449 is the next upside target. Closes below last week's low crossing at .9075 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at .9350. Second resistance is last Wednesday's high crossing at .9416. First support is last Wednesday's low crossing at .9075. Second support is the 38% retracement level of this spring's rally crossing at .9065. The September Canadian Dollar posted an inside day with a lower close on Thursday 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 are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this month's decline, the reaction low crossing at 84.75 is the next downside target. Closes above the 20-day moving average crossing at 88.08 would confirm that a short-term low has been posted. First resistance is Wednesday's high crossing at 87.48. Second resistance is the 20-day moving average crossing at 88.08. First support is Wednesday's low crossing at 85.76. Second support is the reaction low crossing at 84.75. The September Japanese Yen closed higher on Thursday ending a three-day decline. The high-range close sets the stage for a steady to higher opening on Monday. Despite today's rally, stochastics and the RSI remain bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at .10354 would temper the near-term friendly outlook in the market. If September renews last week's rally, the reaction high crossing at .10598 is the next upside target. First resistance is today's high crossing at .10457. Second resistance is last Tuesday's high crossing at .10551. First support is the 20-day moving average crossing at .10354. Second support is Wednesday's low crossing at .10320.
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