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Is it the end of Dollar/Swiss rally? After four days of gains, it's down 0.22% today

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(Last update 4:11pm EST, September 30, 2021)

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Dollar/Swiss slides down to 0.9322, following mixed behavior today, as it ranges between 0.9318 and 0.9368.

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As the day reaches an end a chart visual study suggests Dollar/Swiss might start to recover soon because it is getting close and is now only 91 pips from support line at 0.9231, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that 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. On the other hand note that the upper Bollinger band at 0.9353, indicating a further downward move might be next.

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Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems Dollar/Swiss might reverse course and start pointing upward in the short term.

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Dollar/Swiss started the year by gaining 4.96%.

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Australian dollar up 0.72%, trading around 0.7228

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(Last update 4:11pm EST, September 30, 2021)

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Hesitant but green: from an earlier low of 0.7172, Australian dollar is up to 0.7228 gaining 51 pips compared to the 0.7177 start of the day (0.72%).

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As the day reaches an end a chart visual study suggests nearest resistance level is at 0.7452. Asset volatility analysis shows that The lower Bollinger band is at 0.7175, indicating further gains might be next.

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Overall, looking at the technical analysis landscape, it seems Aussie/Dollar might continue pointing upwards in the short term.

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Australian dollar has started this year by losing 6%.

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