03.05.2016 - The price of the Australian dollar has moved beyond the rising channel

The price of the Australian dollar showed a decrease after failed to gain a foothold above the inclined line of resistance. As a result, quotations have broken through the lower boundary of the ascending channel and the level of support at 0.7575. To continue, the negative dynamics with the objectives at 0.7400 and 0.7240, quotations must overcome the psychologically important support level at 0.7500. Our medium-term outlook is negative and we expect a continuation of negative dynamics in the near future.

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.