24.07.2014 - Australian dollar may return to the level of 0.95

The price of the Australian dollar after the positive statistics on the growth of the manufacturing PMI in China to 52.0, that is 1.3 better than the forecast, has broken through the upper limit of the corridor 0,9330-0,9440 and is now trying to gain a foothold above it. In case of success, the closest target level will be 0.9500. Despite the possibility of growth of the price of the Australian currency in the coming days, we reserve the negative medium-term forecast with objectives of 0.9230 and 0.8900.

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