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After five days of going down, Dollar/Swiss was flat yesterday, closing at 0.906.

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(Last update 10:11pm EST, July 30, 2021)

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Dollar/Swiss yesterday at a glance – Dollar/Swiss closed at 0.906 with no clear-cut direction and ranged between 0.9076 and 0.9039.

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An analysis of Dollar/Swiss chart suggests Dollar/Swiss resistance level is at 0.9255. In terms of trend indicators, we can see that the CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Momentum evaluation shows The Relative Strength Index indicates Dollar/Swiss is in oversold condition, allowing more gains. However The lower Bollinger band is at 0.9038, indicating a positive move might be next.

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

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Dollar/Swiss has started this year by gaining 2.3%.

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Aussie/Dollar slides down to 0.7344 (down 51 pips) after starting the day at 0.7396

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(Last update 10:11pm EST, July 30, 2021)

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Aussie/Dollar yesterday at a glance – Australian dollar went dark red after losing 51 pips, tumbling down to 0.7344.

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In terms of trend indicators, we can see that medium-term trend indication has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line crosses below the MACD signal line. Asset volatility analysis shows that the upper Bollinger band at 0.7398, indicating a further downward move might be next. In contrast although down today, it's worth noting that in earlier trading Aussie/Dollar peaked above the 0.74, usually an indication that a positive move is maybe 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 Australian dollar.

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Australian dollar started the year by losing 4%.

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