15.04.2016 - The price of the Australian dollar is trying to overcome the important level of 0.7700

The price of the Australian dollar slowed growth after reaching the resistance level at 0.7700. Fixing above this mark will be the basis for the continuing upward dynamics with price targets at 0.7800 and 0.8000. It is worth noting that at the moment there is a high probability of price correction, after which the decline may continue to 0.7575 and 0.7500. We are skeptical about the possibility of significant growth of the Australian dollar in the near future and maintain the medium-term negative outlook with targets at 0.7400 and 0.7240.

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