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Dollar/Swiss is down 42 pips (0.46%), trading around 0.9174

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(Last update 3:11pm EST, July 21, 2021)

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Late into the session Dollar/Swiss loses 42 pips(0.46%), currently trading at 0.9174.

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In terms of trend indicators, we can see that at 0.9194, Dollar/Swiss made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band at 0.9219, indicating a further downward move might be next. On the other hand note that Dollar/Swiss might start to recover soon because it is getting close and is now only 37 pips from support line at 0.9136, obviously dipping below it could be an indication that further losses are ahead.

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Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems further drawback may be next for Dollar/Swiss.

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Dollar/Swiss has started this year by gaining 3.95%.

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Aussie/Dollar bounces 68 pips from 7 months low

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(Last update 3:11pm EST, July 21, 2021)

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Having started at 0.7331 Aussie/Dollar dropped to 0.729, hitting its lowest point in 7 months, later it recovered 68 pips and is now trading at 0.7358.

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Important graph levels to look out for: nearest resistance level is at 0.749, followed by 0.7589 at the next level. In terms of trend indicators, we can see that at 0.7357, Aussie/Dollar made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that The lower Bollinger band is at 0.7316, indicating further gains might be next. On the other hand note 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.

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Overall, looking at the technical analysis landscape, it seems Australian dollar likely to continue pointing upward in the short term.

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Australian dollar has started this year by losing 5%.

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