10.03.2016 - We forecast a strong movement of the Australian dollar
The price of the Australian dollar is consolidating around the level of 0.7500. Overcoming this level and price fixing above it will be the basis for further growth to 0.7700. Given the weakening of the momentum and consolidating below the important level, we may see a drop in prices in the near future within the ascending channel with the first targets at 0.7400 and 0.7240. Today we forecast strong price movement and our medium-term outlook is negative.