02.04.2015 - The data on the trade balance of Australia accelerated the fall of AUD/USD
The Australian dollar continued its decline after the publication of statistics on the trade balance of the country. Thus, the trade deficit totaled 1.26 billion in February, against 1.00 billion in January. In addition, a negative for the quotes of Australian currency is the expectation of lowering interest rates, the Reserve Bank of Australia to 2.0%. Low prices for iron ore, which is the main export item also reduce the prospects for the Australian currency. We recommend holding short positions with the first target at 0.7500 and maintain a medium-term negative outlook.