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Is it the end of Dollar/Swiss rally? After three days of gains, it's down 0.27% today

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(Last update 10:11am EST, July 14, 2021)

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Currently light red but with no clear-cut direction Dollar/Swiss trading at 0.9162 after ranging today between 0.9204 and 0.9161.

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Dollar/Swiss's graph levels to watch: next closest resistance is at 0.9255, while the nearest support level is at 0.8954. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading Dollar/Swiss peaked above the 0.9191, usually an indication that a positive move is maybe ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.9107 – a low enough level to usually suggest Dollar/Swiss is trading below its value.

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

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Dollar/Swiss started the year by gaining 3.66%.

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Australian dollar moves up to 0.7477 (a 0.41% gain) after starting the day at 0.7446

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(Last update 10:11am EST, July 14, 2021)

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Australian dollar is rallying again to 0.7477 (up 30 pips), after erasing earlier rally gains.

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Chart pattern study shows Australian dollar nearest resistance level is at 0.7476, followed by 0.7589 at the next level. In terms of trend indicators, we can see that at 0.7483, Australian dollar made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.755 – a high enough level to usually suggest Australian dollar is trading above its value.

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Overall, the technical analysis picture suggests Australian dollar is neutral for the immediate future, with no clear-cut direction.

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Aussie/Dollar has started this year by losing 3.35%.

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