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Dollar/Swiss up slightly to 0.9192 (a 0.14% gain) after starting the day at 0.9179

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(Last update 11:11am EST, July 16, 2021)

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Hesitant but green: from an earlier low of 0.917, Dollar/Swiss is up to 0.9192 gaining 13 pips compared to the 0.9179 start of the day (0.14%).

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Dollar/Swiss chart analysis: Dollar/Swiss could be slowing down soon because its getting close and is now only 63 pips from resistance line at 0.9255, 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 0.9273 – a high enough level to usually suggest Dollar/Swiss is trading above its value. On the other hand note that at 0.9189, Dollar/Swiss 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 Dollar/Swiss.

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Dollar/Swiss has started this year by gaining 3.55%.

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Australian dollar bounces 10 pips from 7 months low

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(Last update 11:11am EST, July 16, 2021)

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After starting the day at 0.7424 Aussie/Dollar dropped to 0.74, hitting its lowest point in 7 months, it later recovered 10 pips and is now trading at 0.7411.

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A study of Aussie/Dollar's graph shows key levels to watch: Aussie/Dollar resistance level is at 0.749. 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 a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7395 – a low enough level to usually suggest Australian dollar is trading below its value.

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

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Australian dollar has started this year by losing 3.66%.

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