25.03.2015 - The Australian dollar has stopped growing and may change the short-term trend
The price of the Australian dollar continues to consolidate below 0.7900. In case of overcoming this mark, the next target level will be 0.8000. According to our estimates, at the moment there is a high probability of price correction to the level 0.7750, with the possibility of continuing downward momentum to 0.7700 and 0.7600. We recommend to open short positions with a stop above 0.7900 and target at 0.7500. Our medium-term outlook remains negative.