06.02.2014 - Australian dollar continues to grow

The price of Australian dollar have fixed above 0.89 and continues grow. The reason for optimism was the statement of the Reserve Bank of Australia regarding refusal of further cuts in interest rates. The closest target is the level of 0.90. We expect that after reaching this level and upper boundary of channel, the price of the Australian dollar will start to decline. We predict that the quotes will continue to move within the downward channel. The target price in case of reduction will be at 0.87.

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