26.11.2014 - On the AUD/USD chart appeared a new signal to sell
The Australian dollar after the sharp decline broke through an important support level 0.8550 and fixed below it. This situation is a confirmation for the further decrease of the price below the level of 0.8500. Now quotations are reduced along the bottom of the descending channel and according to our forecasts will continue to fall with the closest targets near 0.8360 and 0.8200. We maintain our medium-term negative outlook and recommend holding short positions with a stop above 0.8800.