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Dollar/Yen hovers around 110.58

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(Last update 1:11am EST, June 29, 2021)

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Dollar/Yen drops from 110.63 to 110.58, losing 4 pips (0.04%).

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Visual analysis of the Dollar/Yen's price graph shows Dollar/Yen nearest support level is at 108.77. In terms of trend indicators, we can see that at 110.54, Dollar/Yen made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 111.11, indicating a downward move might be next.

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Overall, looking at the technical analysis landscape, it seems Dollar/Yen is likely to start pointing downward in the short term.

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Dollar/Yen has started this year by gaining 6.84%.

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Olympic athletes face an enhanced quarantine in Japan if traveling from countries battling the Delta variant https://t.co/i7KzjtOrmc pic.twitter.com/GzITHO5R8j

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— Forbes (@Forbes) June 28, 2021

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Dollar/Swiss inches up to 0.9203 (a 0.1% gain) after starting the day at 0.9194

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(Last update 1:11am EST, June 29, 2021)

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Dollar/Swiss is on a bit of a roller-coaster today: spiking to 0.9207 only to drop back to 0.9194, now rallying again to 0.9203.

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Important graph levels to look out for: Dollar/Swiss immediate resistance is around 0.9208, nearest support level is at 0.8954. Momentum evaluation shows The Relative Strength Index indicates Dollar/Swiss is in overbought condition. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.93 – a high enough level to usually suggest Dollar/Swiss is trading above its value.

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

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Dollar/Swiss has started this year by gaining 3.48%.

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Aussie/Dollar slides down to 0.7554 (down 12 pips) after starting the day at 0.7566

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(Last update 1:11am EST, June 29, 2021)

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Australian dollar slides down from 0.7566 to 0.7554, losing 12 pips (0.16%).

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An analysis of Australian dollar chart suggests Aussie/Dollar might start to recover soon because it is getting close and is now only 77 pips from support line at 0.7476, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 0.7566, Aussie/Dollar made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.

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Overall, technical indicators suggest Australian dollar has no obvious direction for the immediate future.

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Australian dollar started the year by losing 1.41%.

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