05.09.2016 - The probability of the fall of the Australian dollar has grown significantly

The price of the Australian dollar showed an increase inside the rising channel and reached its upper limit and the level of 0.7600. Overcoming this level and fixing above it will be the basis for continued growth to 0.7650 and 0.7700. According to our forecasts the price fall will resume in the near future with the first target at 0.7500 after overcoming of which, we expect the decline to 0.7400 and 0.7250. Our medium-term outlook remains negative with the target at 0.6800.

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