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Is it the end of Dollar/Swiss rally? After three days of gains, it's down 0.31% today

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(Last update 10:11am EST, September 20, 2021)

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Dollar/Swiss drifts down to 0.929, following mixed behavior today, as it ranges between 0.9284 and 0.9333.

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Chart visual study suggest Dollar/Swiss might start to recover soon because it is getting close and is now only 55 pips from support line at 0.9234, obviously dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at 0.9306, Dollar/Swiss made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. 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. Asset volatility analysis shows that the upper Bollinger band at 0.9316, indicating a further downward move might be next.

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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 has started this year by gaining 5.37%.

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Australian dollar nudges down to 0.7251 after starting the day at 0.7264 (down 0.17%)

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(Last update 10:11am EST, September 20, 2021)

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Aussie/Dollar remains in the 0.7251 range after starting the session at 0.7264 and dropping 12 pips.

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Australian dollar's graph levels to watch: nearest support level is at 0.7108. 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. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7227 – a low enough level to usually suggest Aussie/Dollar is trading below its value.

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Overall, technical indicators suggest Australian dollar has no obvious direction for the immediate future.

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Aussie/Dollar is having a rough year so far losing 5.67%.

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