18.07.2016 - The probability of the fall of the Australian currency has grown significantly

The price of the Australian dollar has broken through the bottom boundary of the rising channel and is currently consolidating around 0.7575 fixation below which will be confirmation of the signal to sell with the objectives at 0.7500 and 0.7400. The growth in the near future is limited by the resistance level at 0.7650 and 0.7700. Our medium-term outlook remains negative and we expect a price decline in the near future, but we recommend to expect the confirmation of the signal to sell.

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