07.05.2015 - The Australian dollar is likely to resume decline

The price of the Australian dollar, after rising to the level of 0.8000, could not continue to grow and to gain a foothold above the psychologically important mark. As a result, the quotations started corrected downwards and according to our forecasts will continue to fall in the near future to the level of 0.7800, after which the decline can last up to the levels 0.7700 and 0.7750. Our medium-term outlook for the Australian dollar remains negative and we note the possibility of opening short positions with a stop above 0.8070.

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