14.10.2014 - The Australian dollar declines again

The price of the Australian dollar again failed to overcome the strong resistance level, which is the upper limit of the corridor 0,8660-0,8800. Now the price is adjusted downwards. We predict that in the near future, quotes, will reach the lower limit of the corridor and recommend holding short positions. Stop should be set above 0.8925. Our medium-term outlook remains negative and despite stopping the fall, we see no reason for the beginning of positive trend.

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