27.08.2014 - The Australian dollar is trying to continue its growth

The price of the Australian dollar has broken through the upper limit of the downward channel and is trying to gain a foothold beyond it. In case of success a confirmation of a buy signal will be breaking through the level of the nearest local maximum near 0.9340. In case of continued downward trend, the nearest targets levels will be at 0.9240 and 0.9200. We maintain a medium-term negative outlook but do not exclude the possibility of rising prices in the near future to 0.9440.

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