26.10.2015 - We are waiting for the exit of the Australian dollar price beyond the triangle

The price of the Australian dollar continues to consolidate within the triangle. The amplitude of price fluctuations decreased, which indicates a high probability of strong price movements in the near future. The signal to buy with the targets at 0.7500 and 0.7600 will be fixation of quotes above 0.7300. On the other hand, breaking through and fixation of quotes below the important support at 0.7200, will confirm the signal for the opening short positions with the targets at 0.7000 and 0.6900. Our medium-term outlook remains negative.

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