09.10.2015 - Double bottom on the chart of the Australian dollar indicates a change in trend

The price of the Australian dollar continued to show positive dynamics and has overcome the important level of 0.7260. Fixing the price above this mark is a signal for opening long positions with a stop below the local minimum around 0.7160 and objectives at 0.7400 and 0.7500. It should be noted that overcoming the level of 0.7260 was the completion of the double bottom reversal pattern that points to the future growth of quotations in the near future.

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