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.