08.02.2016 - We are forecasting the fall of the Australian dollar

The price of the Australian dollar showed a sharp decline during which has reached the lower boundary of the rising channel and the level of 0.7050. If the price fixates below these levels, we expect a further decline to 0.7000, 0.6840 and 0.6800. In case of rebound, quotes, will return to the level of 0.7180. We are forecasting a continuation of the negative price dynamics in the near future and maintain the medium-term negative outlook with the potential decrease to 0.6600 and 0.6500.

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