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Dollar/Swiss steady at 0.9074, no significant movement

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(Last update 2:11am EST, August 5, 2021)

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A mostly flat day so far for Dollar/Swiss ranging between 0.9077 and 0.9059 and is now at 0.9074.

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Dollar/Swiss's graph levels to watch: Dollar/Swiss resistance level is at 0.9212. Asset volatility analysis shows that The lower Bollinger band is at 0.8986, indicating a positive move might be next. Japanese Candlesticks formations detected today are the "morning star”, whenever it appears on top of a bullish overall trend, some traders would consider this an indication of a trend reversal. In contrast The Relative Strength Index indicates Dollar/Swiss is in oversold condition, allowing more gains.

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Overall, looking at the technical analysis landscape, it seems Dollar/Swiss might be pointing upward in the short term.

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Dollar/Swiss started the year by gaining 2.13%.

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Aussie/Dollar inches up to 0.7392 up 11 pips

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(Last update 2:11am EST, August 5, 2021)

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Hesitant but green: from an earlier low of 0.7375, Aussie/Dollar is up to 0.7392 gaining 11 pips compared to the 0.738 start of the day (0.16%).

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Australian dollar chart analysis: nearest resistance level is at 0.7398, followed by 0.7533 at the next level. In terms of trend indicators, we can see that even though Australian dollar is up today, it is worth noting that earlier it dropped below 21 day Simple Moving Average and was trading at 0.738, a possible sign that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at 0.7406, this is a slight indication of a slowdown.

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Overall, looking at the technical analysis landscape, it seems Australian dollar is likely to reverse course and start pointing down in the short term.

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Australian dollar started the year by losing 4.09%.

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