19.09.2014 - After correction, the price of the Australian dollar resumed its decline

The price of the Australian dollar after the rapid reduction and correction to the level of 0.9000 has resumed a downward movement. Now the price is consolidating near the level of a local minimum of about 0.8450. After fixing the price below this mark decline is likely to accelerate and quotations will fall to 0.8900 and 0.8800. We recommend holding short positions with a stop above 0.9100 and keep a medium-term negative outlook for the Australian dollar.

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