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Steady Dollar/Swiss parks at 0.9074

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(Last update 3:11am EST, August 6, 2021)

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Dollar/Swiss price varies between 0.9063 and 0.9083 and settles at 0.9074.

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Important graph levels to look out for: Dollar/Swiss resistance level is at 0.9212. In terms of trend indicators, we can see that at 0.9077, Dollar/Swiss made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that The lower Bollinger band is at 0.8987, indicating a positive move might be next. However 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 has started this year by gaining 2.38%.

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Australian dollar nudges down to 0.739 (down 14 pips) after starting the day at 0.7405

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(Last update 3:11am EST, August 6, 2021)

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Australian dollar drops 14 pips early on and steadies at 0.739 range.

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In terms of trend indicators, we can see that at 0.7379, Aussie/Dollar made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band at 0.7412, indicating a further downward move might be next. In contrast Aussie/Dollar might start to recover soon because it is getting close and is now only 59 pips from support line at 0.733, 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 Aussie/Dollar.

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Australian dollar started the year by losing 4.27%.

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