14.09.2016 - We expect strong movements of the Australian dollar

The price of the Australian dollar showed a strong decline in the last days during which was able to break through the level 0.7500 and reached support at 0.7450. In case of continued negative dynamics, the closest targets will be 0.7320 and 0.7250. On the other hand, after the recent decline there is a high probability of price correction with the closest targets 0,7500-0,7575. We forecast a drop in prices in the medium term to the levels 0,6800-0,7000 and expect increased volatility in the coming days.

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