12.05.2016 - We forecast a drop in AUD/USD in the near future

The price of the Australian dollar resumed its fall within the descending channel after corrected upwards to its upper limit and fixed below the level of 0.7400. This fact was the basis for the continuation of negative dynamics of price with the closest target at 0.7240, after reaching of which a decrease may continue to 0.7120 and 0.7000. In case of resumption of growth and breaking through the level of 0.7400, we expect a further increase in prices to 0.7500 and 0.7575. Our medium-term outlook remains negative.

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