10.09.2014 - The rapid decrease of the Australian currency is continuing
The price of the Australian dollar has continued to fall after it has broken through the lower boundary of the rising channel and fixed below the level of 0.9220. Rapid decline is likely to continue until the lower border of the falling channel and the mark 0.9100. In case of correction, quotations may rise to 0.9200. We recommend holding short positions to achieve the medium-term target of about 0.8900. Our medium-term outlook remains negative.