01.06.2016 - The Australian dollar may rise to 0.7400 within the correction

The price of the Australian dollar has shown growth and was able to break through the important level of 0.7250, fixing above which can be the basis for continued growth to 0.7400. On the other hand, the potential of ascending correction according to our estimates, is limited and we expect a continuation of downward trend in the medium term with nearest objectives at 0.7120, 0.7000 and 0.6840. Our medium-term outlook remains negative.

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