01.07.2014 - The Australian dollar got out of the triangle

The price of the Australian dollar broke through the upper boundary of the triangle after the governor of the Reserve Bank of Australia said that the rate will remain at 2.50%. We recommend opening long positions on the Australian dollar after the price will fix above 0.9440, with a stop below 0.9420 and targets at 0.9500, 0.9600. Despite this, we expect that in the medium-term decline of the Australian dollar will resume.

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