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.