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Steady Dollar/Swiss parks at 0.9137

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(Last update 11:11pm EST, September 3, 2021)

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Dollar/Swiss yesterday at a glance – Dollar/Swiss slid down from 0.9143 to 0.9137, losing 5 pips (0.06%).

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In terms of trend indicators, we can see that at 0.9133, Dollar/Swiss made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 0.9191, indicating a downward move might be next. In contrast Dollar/Swiss might start to recover soon because it is getting close and is now only 95 pips from support line at 0.9042, obviously dipping below it could be an indication that further losses are ahead.

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Overall, looking at all the technical indicators, it seems Dollar/Swiss might be pointing down in the short term.

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Dollar/Swiss has started this year by gaining 3.32%.

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After 7 weeks, Australian dollar falls below 0.741 levels.

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(Last update 11:11pm EST, September 3, 2021)

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After starting at 0.74 Australian dollar dropped 55 pips and trades below 0.741 level for the first time in 7 weeks.

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Australian dollar's graph levels to watch: Aussie/Dollar nearest support level is at 0.7108. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning medium-term trend might turn negative. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.7469 – a high enough level to usually suggest Australian dollar is trading above its value. In contrast the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

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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 Australian dollar.

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Aussie/Dollar started the year by losing 3.85%.

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