10.12.2015 - The Australian dollar may resume decline after the strong growth

The price of the Australian dollar showed strong growth today and reached the level of 0.7300, but failed to overcome it and continue to grow. In case of overcoming the inclined resistance line, growth may continue to 0.7400. On the other hand at the moment there is a possibility of further negative dynamics of the Australian dollar to 0.7200 and 0.7080. We maintain a negative medium-term outlook for the Australian currency.

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