08.01.2015 - The price of the Australian dollar is consolidated within the triangle
The price of AUD/USD after the upward movement within the triangle has reached its upper limit, but could not overcome it. Decrease in the amplitude of oscillations indicates a strong price movement in the near future. Price fixing above 0.8150 will be a signal for opening short-term long positions with the targets 0.8360 and 0.8550. Fixation lower than 0.8040, will confirm the continuation of the downward movement of prices in the long-term downtrend. We recommend holding short positions and maintain a medium-term negative outlook.