16.04.2014 - Australian dollar falls within the channel

The price of the Australian dollar has broken through the inclined level of support but failed to gain a foothold below the nearest local minimum at 0.9365. In case of correction the growth is possible to inclined resistance level and psychological level at 0.9400. We expect further correction inside the local downstream channel and keep medium-term a negative outlook with targets near the lower limit of the upward channel and the levels of 0.9300 and 0.9215.

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