22.12.2015 - The Australian dollar has reached the upper boundary of the channel

The price of the Australian dollar rose to the upper limit of the downward channel. The breaking of given level will lead to a continuation of the upward price movement to 0,7300-0,7350. After the recent steady decline, the price correction is likely to the levels 0.7150 and 0.7080. We keep a negative medium-term outlook for the Australian currency with the objectives at 0.6800 and 0.6900, despite the current growth.

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