22.07.2016 - We expect a continuation of negative dynamics of the Australian dollar
The price of the Australian dollar after the recent decline has reached the level of 0.7500 and currently is consolidated below it. Fixation lower than 0.7500 is the basis for the continuation of negative dynamics with the objectives at 0.7400 and 0.7320. Growth within the correction is limited by the resistance level at 0.7575. We expect a continuation of the negative of price dynamics in the near future and maintain the medium-term negative outlook.