18.07.2014 - Volatility of the Australian dollar has grown
The price volatility of the Australian dollar has risen dramatically and now the prices reached the upper boundary of the triangle. In case of further growth, a buy signal will be the price fixing above 0,9400. In such case we can see a rise to 0.9500. Despite the upward momentum, we expect a decline in prices of the Australian dollar in the medium term and recommend opening short positions after price fixing below 0.9330 with the aim of 0.9230.