25.08.2016 - We expect further decline of the Australian dollar

The price of the Australian dollar showed a decline today after could not continue growth within the correction. In case of resumption of positive dynamics and fixing of price above the level of 0.7650 and the upper border of the channel, we expect the price to rise to 0.7700 and 0.7800. A more likely scenario, according to our estimates, will be a continuation of negative dynamics of price with targets at 0.7450 and 0.7250 in the near future. Our medium-term outlook also remains negative.

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