21.09.2015 - We are waiting for the signal for the opening short positions

The price of the Australian dollar has corrected to the lower limit of the local descending channel after a sharp rise last week. In case of the price leaving the channel and fixing below the local minimum near 0.7150, we recommend to open short positions with the first targets at 0.7000 and 0.6900. Our medium-term outlook remains negative, but at the moment there is a slight probability of upward movement.

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