The December Dollar closed slightly higher on Friday as it extended this week's rally. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are bullish but diverging hinting that a short-term top might be in or is near. If December extends this week's rally, monthly resistance crossing at 90.26 is the next upside target. Closes below the reaction low crossing at 83.75 are needed to confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 89.25. Second resistance is monthly resistance crossing at 90.26. First support is the 10-day moving average crossing at 87.54. Second support is the 20-day moving average crossing at 86.91.

The December Euro closed higher on Friday due to short covering but remains below the 10-day moving average crossing at 126.085. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews this fall's decline, weekly support crossing at 121.770 is the next downside target. Closes above the reaction high crossing at 132.770 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 126.085. Second resistance is the reaction high crossing at 130.960. First support is last Thursday's low crossing at 123.720. Second support is October's low crossing at 123.260.

The December British Pound closed higher on Friday due to short covering but remains below October'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 December extends this fall's decline, the 2001 low crossing at 1.3700 is the next downside target. Closes above the 20-day moving average crossing at 1.5465 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.5014. Second resistance is the 20-day moving average crossing at 1.5465. First support is last Thursday's low crossing at 1.4551. Second support is the 2001 low crossing at 1.3700.

The December Swiss Franc closed slightly higher on Friday and the high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near- term. If December extends this fall's decline, weekly support crossing at .8071 is the next downside target. Closes above the 20- day moving average crossing at .8489 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at .8347. Second resistance is the 20-day moving average crossing at .8489. First support is today's low crossing at .8134. Second support is weekly support crossing at .8071.

The December Canadian Dollar closed higher on Friday due to short covering as it consolidated some of Thursday's decline. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. The high-range close sets the stage for a steady to higher opening on Monday. If December extends this week's decline, October's low crossing at 76.86 is the next downside target. Closes above the 10-day moving average crossing at 80.94 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 81.84. Second resistance is the 10-day moving average crossing at 80.93. First support is Thursday's low crossing at 76.92. Second support is October's low crossing at 76.86.

The December Japanese Yen closed lower 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 bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, October's high crossing at .110.33 is the next upside target. Closes below the reaction low crossing at .9953 are needed to confirm that a short-term top has been posted. First resistance is Thursday's high crossing at .10696. Second resistance is October's high crossing at .11033. First support is the 10-day moving average crossing at .10360. Second support is last Monday's low crossing at .10058.