Steady Dollar/Yen holds at 108.81

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(Last update 1:11am EST, May 26, 2021)

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Dollar/Yen is trading steadily today, ranging between 108.83 and 108.72 and is now at 108.81.

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Chart visual study suggest Dollar/Yen might start to recover soon because it is getting close and is now only 94 pips from support line at 107.86, obviously dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at 109.7, indicating a downward move might be next.

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Overall, the technical analysis picture suggests Dollar/Yen is neutral for the immediate future, with no clear-cut direction.

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Dollar/Yen started the year by gaining 5.12%.

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It's not really up to virus-hit Japan to cancel the Olympics, as opposition to the event grows. The IOC has the final say. https://t.co/k9SeAGiXLB @bopinion
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— Bloomberg (@business) May 26, 2021

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Dollar/Swiss holds at 0.8945

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(Last update 1:11am EST, May 26, 2021)

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Dollar/Swiss trades at 0.8945 having started the day at 0.8954, overall a 0.09% move or 8 pips today.

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In terms of trend indicators, we can see that the CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that The lower Bollinger band is at 0.8931, indicating a positive move might be next.

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Overall, technical indicators suggest Dollar/Swiss has no obvious direction for the immediate future.

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Dollar/Swiss started the year by gaining 1.35%.

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It's not really up to virus-hit Japan to cancel the Olympics, as opposition to the event grows. The IOC has the final say. https://t.co/k9SeAGiXLB @bopinion
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— Bloomberg (@business) May 26, 2021

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Aussie/Dollar goes up to 0.7793 up 43 pips

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(Last update 1:11am EST, May 26, 2021)

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Hesitant but green: from an earlier low of 0.7747, Australian dollar is up to 0.7793 gaining 43 pips compared to the 0.775 start of the day (0.56%).

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Important graph levels to look out for: Australian dollar could be slowing down soon because its getting close and is now only 62 pips from resistance line at 0.7856, yet crossing it might suggest further gains are ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.7829 – a high enough level to usually suggest Australian dollar is trading above its value. However at 0.7768, Australian dollar made an initial breakout above 21 day Simple Moving Average, an indication of a positive trend.

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Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Australian dollar.

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Aussie/Dollar has started this year by gaining 0.74%.

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It's not really up to virus-hit Japan to cancel the Olympics, as opposition to the event grows. The IOC has the final say. https://t.co/k9SeAGiXLB @bopinion
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— Bloomberg (@business) May 26, 2021

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