05.08.2016 - The price of the Australian dollar resumed its growth within the channel

The price of the Australian dollar corrected within the ascending channel and reached the lower border, but could not break through it. As a result, quotations rebounded upwards and soon the growth may continue to 0,7700-07,7800. The signal to sell in case of reduction will be price fixing below the level of 0.7650. In this case, the closest target levels are 0.7500 and 0.7400. Our medium-term outlook remains negative, and despite the high probability of further growth in the near future, we expect soon change of trend to negative.

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