28.05.2015 - The Australian dollar likely to fall to 0.7550
The price decline of the Australian dollar accelerated after has reached the target level of 0.7700, and has broken it. This fact is an incentive for the further drop in prices to the target level of 0.7550. Within the correction, quotations can return to the level of 0.7700. We expect a further decline in prices and recommend holding short positions with a stop above 0.7800 and objectives at 0.7550 and 0.7400.