23.02.2015 - The Australian dollar falls within the corridor

The price of the Australian dollar after some consolidation near the upper boundary of the corridor 0,7740-0,7840 started to correct downwards. According to our forecasts, the decline will continue in the near future and quotes will reach the level of 0.7740, a breaking of which will be the basis for a further decline to 0.7660. We keep medium-term negative outlook and recommend holding short positions with a stop above 0.8000 and target at 0.7500.

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