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At 0.923 Dollar/Swiss trades above 0.923 level for the first time in 3 weeks.

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(Last update 2:11am EST, October 15, 2021)

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After starting at 0.9238 Dollar/Swiss gained 8 pips and trades above 0.923 level for the first time in 3 weeks.

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Chart visual study suggest Dollar/Swiss fell below the 0.9231 support zone and receded 1 pips away from it. 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. On the other hand note that The lower Bollinger band is at 0.9215, 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 4.37%.

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Aussie/Dollar up 0.12%, trading around 0.7424

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(Last update 2:11am EST, October 15, 2021)

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Hesitant but green: from an earlier low of 0.7406, Aussie/Dollar is up to 0.7424 gaining 8 pips compared to the 0.7415 start of the day (0.12%).

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Aussie/Dollar's graph levels to watch: Australian dollar could be slowing down soon as it approaches resistance at 0.7452, of course crossing it might suggest further gains are ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.7403 – a high enough level to usually suggest Aussie/Dollar is trading above its value. On the other hand note 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.

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Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Australian dollar.

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Australian dollar started the year by losing 4.15%.

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