19.09.2016 - We forecast the resumption of the fall of the Australian dollar

The price of the Australian dollar showed an increase within the local ascending channel after was not able to overcome the support level at 0.7450. As a result, quotes reached the upper boundary of the channel, and in the near future may continue to rise to 0.7575 and 0.7650. According to our estimates, the decline will resume in the near future and our medium-term outlook remains negative with the targets at 0.7000 and 0.6800.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.