19.11.2015 - The price of the Australian dollar may change the trend

The price of the Australian dollar after a long consolidation failed to break through the upper boundary of the downtrend channel and resistance at 0.7150. In case of continued growth and consolidation above 0.7200, we recommend to open long positions with the stop below 0.7080 and objectives at 0.7300 and 0.7400. Despite current growth, we expect a decline in prices in the medium term to the target levels at 0.7000 and 0.6900.

October 13, 2015 of AUD-USD Performance

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