25.02.2015 - The price of the Australian dollar has overcome a strong resistance

The price of the Australian dollar managed to break an important resistance level at 0.7840 and reached the mark of 0.7900 and the upper limit of the local rising channel. At the moment, there is a high probability of a drop in prices to the level of 0.7840, in case of breaking through which quotes will continue to decline to 0.7740. We assume growth the price up to 0.8000 in the near future, but keep medium-term negative outlook with the target at 0.7500.

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