10.02.2016 - We forecast a the fall of the Australian dollar

The price of the Australian dollar showed growth after failed to gain a foothold below the level of 0.7000 and rebounded upwards. Currently quotations are trying to gain a foothold beyond the ascending channel, which they had left earlier. Confirmation of sell signal will be breaking through the local minimum at 0.7000. The growth in the near future is limited by the resistance at 0.7180. Our medium-term outlook remains negative.

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