02.10.2015 - The fall of the Australian dollar is likely to continue in the near future

The price of the Australian dollar showed an increase to the upper limit of the medium-term and short-term channel, but could not overcome them and started to correct downwards. The probability of continued downward movement to nearby targets at 0.6950 and 0.6900 is above average. On the other hand, price growth and overcoming the level 0.7080 will be the basis for the continuation of the upward movement up to 0.7200 and 0.7260. Our medium-term outlook remains negative and we recommend holding short positions.

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