13.05.2015 - The Australian dollar has overcome an important resistance level

The price of the Australian dollar after a long consolidation below 0.8000, broke through the resistance level and in case of price fixing above this mark may continue its upward movement to levels of 0.8200 and 0.8250. On the other hand quotations may change the trend, which will lead to a drop in prices to the level of 0.7900. Fixing the price under the local minimum around this level will confirm the signal to sell. We maintain a medium-term negative outlook for the Australian dollar, but we do not exclude further growth in the near future.

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