03.07.2015 - The Australian dollar accelerated the fall

The price of the Australian dollar continues to decline and within the fall has reached the target level of 0.7600, and has broken it. According to our estimates, the price decline will continue in the near future to the psychologically important level of 0.7500. Overcoming this support will be the basis for the continuation of the current dynamics with the target at 0.7200. We recommend to hold short positions on the Australian dollar and maintain the medium-term negative outlook.

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