The September Dollar was lower in overnight trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If September extends last Friday's decline, June's low crossing at 81.39 is the next downside target. Closes above the 20-day moving average crossing at 82.40 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 82.40. Second resistance is the reaction high crossing at 83.07. First support it last Friday's low crossing at 81.56. Second support is June's low crossing at 81.39.
The September Euro was lower overnight as it consolidates some of last Friday's rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 128.38 are needed to confirm that a short-term low has been posted. If September renews last week's decline, June's low crossing at 122.98 is the next downside target. First resistance is the reaction high crossing at 127.59. Second resistance is the reaction high crossing at 128.38. First support is June's low crossing at 122.98. Second support is weekly support crossing at 122.56.
The September British Pound was lower due to light profit taking overnight as it consolidates some of last Friday's rally. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If September renews the rally off June's low, the 62% retracement level of the April-June decline crossing at 1.5890 is the next upside target. If September renews last week's decline, the reaction low crossing at 1.5448 is the next downside target. First resistance is the 50% retracement level of the April-June decline crossing at 1.5771. Second resistance is the 62% retracement level of the April-June decline crossing at 1.5890. First support is the reaction low crossing at 1.5448. Second support is June's low crossing at 1.5266.
The September Swiss Franc was lower due to profit taking overnight as it consolidates some of last Friday's rally. Stochastics and the RSI are oversold but are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at .10684 are needed to confirm that a low has been posted. If September renews the decline off June's high, June's low crossing at .10280 is the next downside target. Closes below this support level would renew this spring's decline while opening the door for a possible test of weekly support crossing at .10231. First resistance is the reaction high crossing at .10684. Second resistance is the reaction high crossing at .10902. First support is June's low crossing at .10280. Second support is weekly support crossing at .10231.
The September Canadian Dollar was higher overnight and above June's high of 98.24. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September renews the rally off June's low,
the 50% retracement level of this spring's decline crossing at 98.61 is the next upside target. Closes below the 20-day moving average crossing at 97.39 would temper the near-term friendly outlook. First resistance is the overnight
high crossing at 98.46. Second resistance is the 50% retracement level of this spring's decline crossing at 98.61. First support is last Thursday's low crossing at 96.32. Second support is June's low crossing at 95.54.
The September Japanese Yen was lower overnight as it consolidates below resistance marked by the 20-day moving average crossing at .12589. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at .12589 would temper the near-term bearish outlook. If September renews the decline off this month's high, the 50% retracement level of the March-June rally crossing at .12404 is the next downside target. First resistance is the 20-day moving average crossing at .12589. Second resistance is June's high crossing at .12895. First support is June's low crossing at .12416. Second support is the 50% retracement level of the March-June rally crossing at .12404.
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