01.04.2015 - The price of the Australian dollar reached the target level
The price of the Australian dollar after reaching the target level of 0.7600, rebounded upwards, but resumed its downward movement after a minor correction. At the moment, the quotes are consolidated near the level of 0.7600 in case of continuing the downward movement reached the next target 0.7500. In case of correction, the price may rise to 0.7700. We recommend holding short positions with a stop above 0.7900 and expect strong growth of volatility tomorrow in connection with the release of data on the trade balance of Australia.