CURRENCIES: The June Euro currency closed down 5 points at 1.3022 yesterday. Prices closed nearer the session low yesterday. Bears still have the overall near-term technical advantage. Euro bulls’ next upside price breakout objective is pushing and closing prices above solid technical resistance at the April high of 1.3208. The next downside price breakout objective for the bears is closing prices below solid chart support at 1.2900. First resistance for the Euro lies at yesterday’s high of 1.3098 and then at 1.3145. Next support is seen at this week’s low of 1.2959 and then at 1.2900. Wyckoff’s Market Rating: 4.0

The June Japanese yen closed up 12 points at 1.0064 yesterday. Prices closed nearer the session low yesterday. Bears still have the strong overall near-term technical advantage. Bulls’ next upside price breakout objective is closing prices above solid resistance at the mid-April high of 1.0383. Bears’ next downside breakout objective is closing prices below solid technical support at 1.0000. First resistance is seen at this week’s high of 1.0158 and then at 1.0200. First support is seen at 1.0000 and then at .9950. Wyckoff’s Market Rating: 1.0.

The June Swiss franc closed up 15 points at 1.0584 yesterday. Prices closed near mid-range yesterday and saw short covering. The bears still have the near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at this week’s high of 1.0741. The next downside price breakout objective for the bears is closing prices below solid technical support at the March low of 1.0463. First resistance is seen at yesterday’s high of 1.0618 and then at 1.0675. First support is seen at yesterday’s low of 1.0549 and then at this week’s low of 1.0532. Wyckoff’s Market Rating: 3.0.

The June Australian dollar closed up 14 points at 1.0260 yesterday. Prices closed near mid-range yesterday and saw tepid short covering. Bears still have the slight near-term technical advantage. Bulls’ next upside price breakout objective is closing prices above solid chart resistance at 1.0350. The next downside breakout objective for the bears is to produce a close below solid technical support at 1.0100. First resistance is seen at yesterday’s high of 1.0301 and then at 1.0350. Next support is seen at yesterday’s low of 1.0232 and then at this week’s low of 1.0179. Wyckoff’s Market Rating: 4.0

The June Canadian dollar closed up 53 points at .9792 yesterday. Prices closed nearer the session high yesterday and hit a fresh two-week high on short covering and bargain hunting. Bears still have the near-term technical advantage but the bulls gained some upside momentum yesterday. Bulls’ next upside price breakout objective is producing a close above chart resistance at the April high of .9902. The next downside price breakout objective for the bears is closing prices below solid technical support at the April low of .9690. First resistance is seen at yesterday’s high of .9807 and then at .9825. First support is seen at .9754 and then at yesterday’s low of .9734. Wyckoff’s Market Rating: 4.0.

The June British pound closed up 172 points at 1.5436 yesterday. Prices closed nearer the session high and hit a fresh two-month high yesterday. Bulls gained good upside technical momentum yesterday. Prices are in a six-week-old uptrend on the daily bar chart. Bulls have the near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid technical resistance at 1.5650. Bears’ next downside technical breakout objective is closing prices below solid support at this week’s low of 1.5192. First resistance is seen at yesterday’s high of 1.5477 and then at 1.5500. First support is seen at 1.5364 and then at 1.5300. Wyckoff’s Market Rating: 6.0.

The June U.S. dollar index closed down .181 at 82.845 yesterday. Prices closed nearer the session high yesterday and saw profit taking. The bulls still have the overall near-term technical advantage. Bulls’ next upside price breakout objective is to close prices above solid technical resistance at the April high of 83.660. The next downside price breakout objective for the bears is to produce a close below solid technical support at the April low of 81.78. Next resistance lies at yesterday’s high of 83.055 and then at this week’s high of 83.325. First support is seen at yesterday’s low of 82.485 and then at 82.250. Wyckoff’s Market Rating: 6.0.