08.06.2016 - The Australian dollar has shown a steady growth
The price of the Australian dollar has changed the downward trend to the positive after overcame the strong resistance level at 0.7250 and then has broken 0.7400. In case of continued growth within the rising channel, target levels will be 0.7500 and 0.7575. The fall is limited by the lower boundary of the local rising channel and the level of 0.7250. Our medium-term outlook remains negative, and the current growth potential is limited.