17.06.2014 - The Australian dollar has changed the trend
The Australian dollar continued rushing downwards amid falling prices for the main export commodity - iron ore to 89 dollars per ton. As a result, we saw the completion of pattern formation - "head and shoulders", which indicates a trend reversal. Growth is limited by the resistance at 0.9380. We recommend holding short positions with the targets at 0,9300 and 0.9220 and maintain a medium-term negative outlook.