17.12.2014 - The fall of AUD/USD accelerated

The price of the Australian dollar after consolidation above 0.8200, began to decline and reached the lower limit of the downward channel. The reason for the decline was the data on the index of leading economic indicators, which fell by 0.1% in October, against a 0.1% increase in September. In case of continuation of falling the price, quotes, will reach the level of 0.8000. Growth is limited by the upper boundary of descending channel and we recommend holding short positions with a stop above 0.8360. Our medium-term outlook remains negative.

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