06.10.2016 - We forecast a drop in price of the Australian dollar
The price of the Australian dollar continued to fall after has broken an important support level at 0.7600. This fact is a signal to sell with targets at 0.7450, 0.7250 and 0.7000. In case of opening short positions, the stop should be set above the level of 0.7700. We expect the price fall in the near future and recommend opening short positions.