15.12.2015 -The Australian dollar may decline in the near future

The price of the Australian dollar after the price correction within a local downtrend channel and reaching its upper boundary, started to correct downwards and at the moment there is a significant likelihood of continuation of the negative dynamics of prices with the potential of reduction up to 0.7150 in the near future, after which the decline may continue to 0, 7080 and 0.7000. In the coming days, we expect a strong movement in connection with important events on the market. Our medium-term outlook remains negative and we are waiting for the signal to sell.

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