25.07.2016 - We expect a further fall of the Australian dollar

The price of the Australian dollar continues to consolidate below the important support level at 0.7500 and fixing above it is a strong signal for the continuation of negative dynamics of price with the closest targets at 0.7400 and 0.7320. In case of correction, quotations may reach the resistance levels at 0.7575 and 0.7650. Our medium-term outlook remains negative and we with a high probability expect continuation of the current fall in the near future.

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