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Dollar/Swiss crawls up to 0.9211 after starting the day at 0.92 (up 0.13%)

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(Last update 5:11am EST, August 10, 2021)

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Dollar/Swiss posts light gains on a low-volatility day, ranging between 0.9218 and 0.9192 and is now at 0.9211.

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Important graph levels to look out for: Dollar/Swiss could be slowing down soon as it approaches resistance at 0.9255, of course crossing it might suggest further gains 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. Momentum evaluation shows The Relative Strength Index indicates Dollar/Swiss is in overbought condition, keep an eye out for slowdown of gains. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.9214 – a high enough level to usually suggest Dollar/Swiss is trading above its value.

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Overall, the technical analysis picture suggests Dollar/Swiss is neutral for the immediate future, with no clear-cut direction.

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Dollar/Swiss started the year by gaining 3.33%.

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Australian dollar up 0.1%, trading around 0.7338

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(Last update 5:11am EST, August 10, 2021)

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After dipping down to 0.7316, Australian dollar regains earlier losses, reaching 0.7338.

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Australian dollar's graph levels to watch: Australian dollar could be slowing down soon because its getting close and is now only 65 pips from resistance line at 0.7403, yet crossing it might suggest further gains are ahead. Asset volatility analysis shows that the upper Bollinger band is at 0.7411, this is a slight indication of a slowdown.

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

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Aussie/Dollar started the year by losing 4.69%.

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