03.10.2014 - Correction of the Australian dollar ended
The price of the Australian dollar corrected upwards amid the weakening dollar, but after reaching 0.8800, could not overcome it and resumed the downward movement. In case of breaking through the level of 0.8800, quotations may continue to rise to the level of 0.8900. Fixing the price above 0.8925 will become a signal on profit-taking of short positions. We expect a further fall in price with the target near 0.8500. We maintain a medium-term negative view on the dynamics of the price and recommend to keep short positions.