09.06.2014 - The Australian dollar is trying to continue the growth

The price of the Australian dollar continued to rise and reached the strong inclined resistance line. In case of further growth, the price can reach resistance at 0.9400. We expect that the price will not break the resistance and will start correcting down with targets at 0.9300 and 0.9200. Taking into account loose monetary policy of the RBA and reduction on the iron ore market, we expect a decline of the Australian dollar in the medium term.

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