28.10.2015 - The price of the Australian dollar has left the triangle

The price of the Australian dollar after a long consolidation within the figure "triangle" has broken through its lower boundary, which was a signal to sell. The target level in this case will serve 0.7000 and 0.6900. We recommend setting the stop, above the local maximum near 0.7260. The probability of the fall of price in the near future is high and we recommend holding short positions on the Australian dollar. Our medium-term outlook also remains negative.

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