16.11.2015 - The Australian dollar may accelerate the decline

The price of the Australian dollar continues to fall along the upper boundary of descending channel after correction to the level of 0.7150. In the near future a drop in prices may continue to the next target at 0.7080 marks, 0.7000 and 0.6900. At the moment there is a good opportunity for opening short position with a stop above 0.7150. Our medium-term outlook remains negative and we recommend holding short positions.

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.