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CURRENCIES:

The December Dollar closed slightly lower on Wednesday as it consolidates some of the rally off July's low. The high-range close sets the stage for a steady to slightly lower opening when Thursday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off July's low, the March-2023 high on the weekly continuation chart crossing at 105.430 is the next upside target. Closes below the 20-day moving average crossing at 104.164 would signal that a short-term top has been posted. First resistance is last-Thursday's high crossing at 105.095. Second resistance is the March-2023 high on the weekly continuation chart crossing at 105.430. First support is the 20-day moving average crossing at 104.164. Second support is the August 30th low crossing at 102.550.

The December Euro closed slightly higher on Wednesday. The low-range close sets the stage for a steady to slightly higher opening when Thursday's day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off July's high, March's low crossing at 1.06610 is the next downside target. Closes above the 20-day moving average crossing at 1.08063 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.08063. Second resistance is the 50-day moving average crossing at 1.09797. First support is last-Thursday's low crossing at $1.06750. Second support is March's low crossing at 1.06610.

The December British Pound closed lower on Wednesday as it extended the decline off July's high. The low-range close sets the stage for a steady to lower opening when Thursday's day session begins trading. Stochastics and the RSI are oversold but remain bearish signaling sideways to lower prices are possible near-term. If December extends the decline off July's high, May's low crossing at 1.2336 is the next downside target. Closes above the 20-day moving average crossing at 1.2527 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.2432. Second resistance is the 20-day moving average crossing at 1.2527. First support is today's low crossing at 1.2365. Second support is May's low crossing at 1.2336.

The December Swiss Franc closed slightly higher on Wednesday. However, the low-range close sets the stage for a steady to slightly lower opening when Thursday's day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off July's high, the June 12th low crossing at 1.12000 is the next downside target. Closes above the 20-day moving average crossing at 1.13673 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.13672. Second resistance is the 50-day moving average crossing at 1.15363. First support is today's low crossing at 1.12330. Second support is the June 12th low crossing at 1.12000.

The December Canadian Dollar posted an inside day with a slightly lower close on Wednesday as it consolidated some of the rally off September's low. The low-range close sets the stage for a steady to lower opening when Thursday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 74.49 would open the door for additional gains and a possible test of the 62% retracement level of the July-September decline crossing at 75.21. Closes below the 20-day moving average crossing at 73.84 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at 74.65. Second resistance is the 62% retracement level of the July-September decline crossing at 75.21. First support is the 20-day moving average crossing at 73.84. Second support is September's low crossing at 73.13.

The December Japanese Yen closed lower on Wednesday as it extends this year's decline. The low-range close sets the stage for a steady to lower opening when Thursday's day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off the July 14th high, the October-2022 low on the weekly continuation chart crossing at 0.066235 is the next downside target. Closes above the 20-day moving average crossing at 0.069204 would signal that a short-term low has been posted. First resistance is the September 1st high crossing at 0.070400. Second resistance is the 50-day moving average crossing at 0.070773. First support is today's low crossing at 0.068460. Second support is the October-2022 low on the weekly continuation chart crossing at 0.066235.