25.11.2015 - The Australian dollar will continue to correct

The price of the Australian dollar has shown a steady growth during which reached the upper boundary of ascending channel and approached the resistance at 0.7300. At the moment, the price is corrected downwards in case of further decline, will reach the levels of 0.7200 and 0.7150. The growth in the near future is limited by the boundaries of the channel and resistance levels at 0.7300 and 0.7400. We expect decline of price in the medium term and wait for the signal for opening short positions.

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