Dollar/Swiss hovers around 0.9053

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(Last update 12:11am EST, August 3, 2021)

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After dropping down to 0.9046, Dollar/Swiss recovers some losses and is currently trading at 0.9053.

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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 0.9054, Dollar/Swiss made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that The lower Bollinger band is at 0.8996, indicating a positive move might be next. However The Relative Strength Index indicates Dollar/Swiss is in strong oversold condition.

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

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Dollar/Swiss started the year by gaining 2.34%.

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Aussie/Dollar steady at 0.7368, no significant movement

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(Last update 12:11am EST, August 3, 2021)

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Australian dollar trading at 0.7368 with no clear-cut direction, ranging between 0.7374 and 0.7356.

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As the day gets underway a chart visual study suggests Aussie/Dollar might start to recover soon because it is getting close and is now only 37 pips from support line at 0.733, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 0.7366, Australian dollar made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. On the other hand note that the upper Bollinger band is at 0.7396, indicating a downward move might be next.

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

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Australian dollar started the year by losing 4.81%.

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