Dollar/Swiss steady at 0.9056, no significant movement

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(Last update 12:11am EST, August 2, 2021)

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Dollar/Swiss price varies between 0.9052 and 0.9069 and settles at 0.9056.

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As the day gets underway a chart visual study suggests Dollar/Swiss resistance level is at 0.9212. In terms of trend indicators, we can see that at 0.9053, Dollar/Swiss made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Momentum evaluation shows The Relative Strength Index indicates Dollar/Swiss is in strong oversold condition. On the other hand note that The lower Bollinger band is at 0.9006, 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 2.25%.

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Australian dollar crawls up to 0.7344 up 9 pips

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(Last update 12:11am EST, August 2, 2021)

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Currently light green but with no clear-cut direction Aussie/Dollar trading at 0.7344 after ranging today between 0.735 and 0.7329.

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As the day gets underway a chart visual study suggests Australian dollar could be slowing down soon as it approaches resistance at 0.7398, of course crossing it might suggest further gains are ahead. Asset volatility analysis shows that the upper Bollinger band is at 0.7398, this is a slight indication of a slowdown.

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Overall, looking at the technical analysis landscape, it seems Aussie/Dollar is likely to reverse course and start pointing down in the short term.

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Aussie/Dollar has started this year by losing 4.88%.

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