09.10.2014 - Australian dollar showed a significant increase

The price of the Australian dollar after rolling back down resumed growth and has broken through the strong resistance level 0.8800. As a result of the strong upward impulse the prices reached the level of 0.8900. In case of overcoming the levels 0,8925-0,9000 we will confirm the completion of the downtrend. The reason for the upside was the weakening of the dollar and mixed data on unemployment in Australia, where despite of the rise in unemployment by 0.1% to 6.1%, the number of people employed for full-time jobs increased by 21,600. We look forward to the resumption of the fall of prices in the near future and will recommend to keep short positions with the target of about 0.8500.

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