07.07.2016 - The fall of the Australian dollar may resume

The price of the Australian dollar rebounded from the support level at 0.7400 and the growth achieved in the framework of local ascending channel's lower border. In case of continuation of the upward movement of prices may reach the 0.7575 and 0.7700 marks, but a more likely scenario according to our forecasts will be the resumption of the negative dynamics with the first targets at 0.7400 and 0.7320. According to our estimates, the continued growth in the near future is unlikely, and our medium-term outlook remains negative with the objectives about 0,6800-0,7000.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.