11.05.2016 - We expect a further decline of AUD/USD

The price of the Australian dollar has shown decline in recent weeks, and at the moment is located below the level of 0.7400. In case of continuation of the rising correction, quotations may return to the levels of 0.7500 and 0.7575. A more likely scenario in the near future is a drop in prices with the first targets at 0.7240 and 0.7120. Our medium-term outlook remains negative and we expect a drop in prices in the near future.

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