08.12.2015 - The price of the Australian dollar can change the positive trend to negative
The price of the Australian dollar has continued confident fall as a result of which broke through the lower boundary of the rising channel and reached the important support at 0.7200. Overcoming this level will be the basis for opening short positions with targets at 0.7080, 0.7000 and 0.6900. In case of a rebound from this level, the quotes can return to the level of 0,7300-0,7350. Our medium-term outlook remains negative.