22.05.2015 - We are waiting for the fall of the Australian dollar

The price of the Australian dollar showed a slight increase, but continues to consolidate near the level of 0.7900. In case of continued upward movement the price can correct to 0.8000. More likely is the saving of the downward price movement with the first target at 0.7800, after which we expect a further drop in prices up to 0.7550. Our medium-term outlook remains negative, but for the continuation of reduction are needed new incentives.

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