27.05.2016 - The Australian dollar is likely to fall further

The price of the Australian dollar today corrected upwards after the fall could not continue and overcome the level of 0.7400. Growth within the correction in the near future is limited by resistance levels at 0.7500 and 0.7575. We expect the resumption of negative dynamics of price in the near future, and a drop in prices till 0.7320 and 0.7250. Our medium-term outlook also remains negative.

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