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02.06.2015 - The Australian dollar may change the current negative trend to positive

The price of the Australian dollar reached a level of 0.7600 and rebounded from it. As a result of the rebound, quotes has broken through the upper limit of the downward channel and reached the level of 0.7700. In case of continued growth and fixation above the local maximum at 0.7750, we recommend to open short positions with the targets at 0,7900 and 0.8000. Tomorrow is forecasted the increase of volatility in connection with the publication of the statistics on GDP growth in Australia. Despite the probability of price growth in the near future, we keep a medium-term negative outlook with the first target at 0.7550.

April 29 of USD Performance

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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