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16.05.2016 - The Australian dollar may continue to fall

The price of the Australian dollar after consolidation below 0.7400, continued to decline along the upper border of the local descending channel and has reached the target level of 0.7250. At the moment, the price is trying to overcome the upper boundary of descending channel and in case of success will continue to rise up to 0.7400, the overcoming of which will be a signal for changing the negative trend to the positive. We maintain our medium-term negative outlook with the potential fall to 0.6800, but do not exclude the correction in the near future.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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